Indopora's profit decrease 82.18%, while increasing in the revenue in Q1 2019
JAKARTA - Altough the revenue of PT Indonesia Pondasi Raya Tbk (IDPR) recorded the increase in the first quarter of 2019, however the profit decreased by 82.18% to Rp 2.64 billion from Rp 14.82 billion in the same period of 2018.
Based on the company's financial report in the first quarter of 2019, Indopora recorded the revenue of Rp 251.35 billion, rose by 24.49% from the revenue in the same period of 2018 of Rp 201.89 billion. The largest contributor to the revenue sourced from construction revenue foundation of Rp 179.95 billion, structure of Rp 19.42 billion, precast wall of Rp 27.47 billion, sales pile of Rp 17.22 billion, and retaining wall of Rp 7.27 billion.
The costumer with revenue of more than 10% from the total consolidated revenue are as follows PT Hero Supermarket Tbk (HERO) of Rp 42.96 billion, PT PP Properti Tbk (PPRO) of Rp 27.71 billion, and PT Djasa Ubersakti at Rp 27.97 billion.
The gross profit was recorded Rp 41.83 billion, decreased from Rp 48.91 billion. This decreased profit was due to the increased in cost of revenue from Rp 152.98 billion to Rp 209.52 billion. While the operating profit of Rp 13.88 billion, down from Rp 17.84 billion in the first quarter of 2018. (LK)