JAKARTA (Yosefardi) – PT Tri Banyan Tirta TBk (ALTO) posted net profit of Rp1.6 billion in first half of 2016, against loss of Rp11.2 billion in the same period of 2015.
Sales rose 28% to Rp167.16 billion. Sales of water in packaging increased 9.6% to Rp68.53 billion.
ALTO’s assets reached Rp1.16 trillion and liability amounted Rp649.5 billion. It cash receipt from operation dropped 50.7% to Rp176 billion net cash flow only reached Rp4.18 billion, compared to previous Rp43.4 billion. Cash payment for financial charges totaled Rp24.8 billion.
ALTO also spent Rp34.37 billion for acquiring assets. The company paid bank loan of Rp37.9 billion and made new bank loan of Rp23.47 billion. It has cash in bank of Rp3.1 billion.