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Polychem's profit soars 330%

01 November 2018 03:14 PM  Company: PT. Polychem Indonesia Tbk[ADMG]
Rp. 308  -2 (-0.65%)

JAKARTA - PT Polychem Indonesia Tbk (ADMG) recorded sales revenue of US$ 298.27 million in the third quarter of 2018, up 9.23% from US $ 273.05 million in the same period 2017. However, the company recorded comprehensive profit for the year amounting to US $ 12.68 million, jumping 330.64% in the same period last year of US $ 5.50 million in comprehensive losses.

Based on the company's financial statements, gross profit was US$ 8.16 million, up from US $ 3.91 million, while the cost of revenue is US$ 290.10 million, an increase from US$ 269.13 million.

The biggest contributors to sales revenue consisted of petrochemicals (US$ 185.33 million), polyester (US$ 91.88 million), and nylon (US$ 21.05 million) in the third quarter of 2018. In the same period of 2017, petrochemicals (US$ 169.71 million), polyester (US$ 76.40 million), and nylon (US$ 26.93 million). (LK)

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PT. Polychem Indonesia Tbk [ADMG]   Rp. 308   -2 (-0.65%)