JAKARTA - PT Indonesia Pondasi Raya Tbk (IDPR) posted revenue of Rp 694.5 billion in the third quarter of 2019, up 6.6% compared to the same period last year, revenue of Rp 651.6 billion. The increase in revenue was in line with the start of a number of projects that were scheduled.
As quoted from the company's openness, Indo Pora also posted a gross profit of Rp 109.1 billion, down 13.9% from the same period last year, gross profit of Rp 137.6 billion. The decrease in gross profit was triggered by an increase in cost of revenue of 13.9% which came from the increase in raw materials, direct wages and other construction materials.
While operating profit was Rp 20.7 billion, down 50.1% compared to the same period last year, operating profit of Rp 41.5 billion. This decrease is in line with the decline in gross profit. In addition, in the third quarter of 2019, IDPR recorded a net profit of Rp 11.4 billion, down 63.8% compared to the same period last year, net profit recorded as much as Rp 31.5 billion. (LK)