JAKARTA - Although its sales revenue slightly higher in the third quarter of 2018 compared with the same period last year, the financial performance of PT Zebra Nusantara Tbk (ZBRA) recorded a loss. This was caused by the hiking direct cost and foreign exchange rate.
Based on the company's financial report, the company's revenue was recorded at Rp 14.24 billion, higher from Rp 11.57 billion gained in the same period of 2017. The increase in sales revenue was only supported by the sales of gas fuel (BBG) at Rp 14.24 billion, while taxi did not contribute. In the same period last year, the gas fuel contributed Rp 11.18 billion and taxi revenue contributed Rp 391 million.
The company's direct cost was recorded at Rp 12.26 billion, higher from Rp 9.54 billion recorded last year. Its gross profit was Rp 1.97 billion, lower from Rp 2.03 billion gained last year. Meanwhile, the operating profit was recorded at Rp 110 million, higher than its operating loss of Rp 760 million. Although the company earned some operating profit, however, other expenses was recorded at Rp 156 million, lower compared to the number recorded during the same period last year of Rp 1.68 billion. The company's loss was recorded at Rp 182 million, lower than its profit last year of Rp 1.67 billion.
The company recorded an equity deficiency of Rp 7.70 billion, higher than Rp 7.52 billion recorded in the third quarter of 2017. The current liabilities of the company was recorded at Rp 11.29 billion, Rp 10.17 billion higher than the company's current asset, which recorded at Rp 1.11 billion. (LK/AR)