JAKARTA (Yosefardi) – State plantation firm PT Perkebunan Nusantara (PTPN) IV booked net profit of Rp225 billion in the first half of 2015, dropped 52.4% from Rp472 billion in the same period of 2013. Net profit margin was 9.1%.

Revenues fell 16.7% to Rp2.48 trillion from previous Rp2.97 trillion. Operating profit declined 30% to Rp952 billion from earlier Rp1.36 trillion. Operating profit margin was 38.4%.

Its assets reached Rp10.22 trillion while liability amounted Rp5.05 trillion. Equity reached Rp5.17 trillion, then liability to equity ratio was 97.8%.