JAKARTA - PT Inti Agri Resources Tbk (IIKP) generated Rp 17.80 billion in revenue in 2018, 16.85% lower than its revenue in 2017 (Rp 21.41 billion). The decline was mainly due to declining exports.
Based on the company's financial statements, the export of arowana fish (super red) contributed Rp 14.92 billion to the company's revenue in 2018. In 2017, its contribution was recorded at Rp 18.59 billion. In the domestic market, the sales of arowana fish (super red) contributed Rp 2.32 billion, while the sales of the green ones contributed Rp 112 million. In 2017, the numbers were as follows: Rp 1.99 billion (super red) and Rp 110 million (green).
The company recorded an operating loss of Rp 16.40 billion in 2018, higher than Rp 11.87 billion recorded in 2017. Meanwhile, the company's net loss for the year was recorded at Rp 15.07 billion in 2018, higher than Rp 13.01 billion recorded in 2017. (LK/AR)