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Totalindo's profit decreases by 85.13%

26 April 2019 06:12

JAKARTA - The profit of PT Totalindo Eka Persada Tbk (TOPS), company building construction, was recorded Rp 30.70 billion in 2018 decreased by 85.13% from the profit at Rp 206.50 billion in 2017. While, te comprehensive income also decreased to Rp 29.93 billion from Rp 205.71 billion.

According to the company's financial report in 2018, the decrease in profit was affected by decreasing in the revenue and increase in equity in net loss of joint ventures. The revenue was recorded Rp 1.45 trillion, decreased from Rp 2.28 trillion, while the gross profit of Rp 229.55 billion, down from Rp 412.31 billion in 2017.

Decreased in revenue due to the clients did not contribute in 2018, where they contributed in the previous year. The clients of the company as follows, PT Mugie Bali Indah, PT Mahkota Propert Indo Pertama, PT Elite Prima Hutama, JO Lotte-Totalindo (Kota Kasablanka), and PT Selaras Mitra Sejati.

In 2018, Totalindo recorded the operating profit at Rp 82.48 billion, down from Rp 275.09 billion in 2017. The company pressed the financial costs at Rp 2023.07 billion, decreased from Rp 387.74 billion, while the generate in equity in net loss of joint ventures of Rp 768.70 million. (LK)

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