JAKARTA (Yosefardi) – Garment producers PT Argo Pantes Tbk (ARGO) suffered loss of US$11.4 million in the first nine months to September of 2015, compared to loss US$12.5 million in the same period of 2014.
Revenues dropped 59% to US$34.6 million. Customers with 10% sales are Tootal and Lodway Trading Limited, Singapore. Its assets reached US$141.4 million while liability amounted US$174.5 million.
PT Indorama Synthetics Tbk (INDR) also suffered loss of US$5.65 million for the period, against profit US$940,967 a previous year.
Revenues declined 10.4% to US$481 million and operating profit dropped 49.4% to US$9.9 million. The company booked foreign exchange (forex loss) of US$4.8 million, widened from previous US$2.49 million. Its assets reached US$775 million while liability amounted US$482 million.
Meanwhile PT Roda Vivatex Tbk (RDTX) posted 15% growth in net profit to Rp201 billion, from Rp174 billion a year earlier. Revenue declined 7.3% to Rp313 billion but cost of goods sold and building operation dropped 33% to Rp83 billion from previous Rp124 billion.
Its assets reached Rp1.8 trillion while liability amounted Rp283 billion.
(Tantri D.W contributed to this article)