JAKARTA (Yosefardi) – State plantation firm PT Perkebunan Nusantara (PTPN) reported loss of Rp207 billion in the first half of this year, compared to loss of Rp303.5 billion in the same period of last year.

Revenues dropped 76% to Rp618 billion from previous Rp351 billion. Cost of goods sold jumped 31% to Rp614 billion from earlier Rp468 billion.

Its assets totaled Rp4.38 trillion while liability amounted Rp3.1 trillion. It has cash and cash equivalent of Rp443.5 billion.