JAKARTA - PT Argo Pantes Tbk (AGRO) recorded an equity deficiency of US$ 72.44 million in the third quarter of 2018, higher than its number in the same period of last year of US$ 72.28 million. Meanwhile, its current ratio was recorded at 16.58 times.
Based on the company financial report in the third quarter of 2018, 335,557,450 shares were issued and fully paid for US$ 72.47 million, US$ 108.22 million of additional paid-in capital was paid, and equity component of convertible loans of US$ 27.04 million. Finally, the deficit was recorded at US$ 280.18 million.
The company sales also decreased in the third quarter of 2018, This year's sales was recorded at US$ 23.22, lower than US$ 25.16 million gained in the same period last year. The gross loss of the company was recorded at US$ 225,873, lower than US$ 1.59 million of loss suffered last year. Finally, the operating income of the company was recorded at US$ 1.56 million and its operating loss was recorded at US$ 5.09 million. (LK/AR)