JAKARTA - PT Intikeramik Alamasri Industri Tbk (IKAI) posted the decrease in financial performance, although the company generated the increased revenue in the first quarter of 2019 compared to the same period of 2018. This loss for the period was due to increase the operating expenses, consisting of the administrative expenses and depreciation expenses.
Based on the company's financial report in the first quarter of 2019, the company's loss for the year was recorded Rp 19.86 billion, lower compared to the same period of 2018, its achievement profit at Rp 18.58 billion. The total comprehensive loss of Rp 19.86 billion, lower from the profit of Rp 18.58 billion.
In the first quarter of 2019, Intikeramik generated the revenue of Rp 16.95 billion, up from the revenue in the same period of 2018, its achievement revenue at Rp 563 million. The largest contributor to the revenue sourced from the new entity business, the hotel at Rp 16.42 billion. While the ceramic sales in the domestic market contributed Rp 525 million. In the same period of 2018, the revenue generated from the ceramic sales in the local market at Rp 563 million.
The gross profit was recorded Rp 9.65 billion in the first quarter of 2019, up from the gross loss at Rp 1.23 billion in the same period of 2018. The cost of revenue was noted Rp 7.27 billion, rose from Rp 1.80 billion. Furthermore, the growth company's operating expenses made the loss before income tax of Rp 19.86 billion, while in the same period, the company recorded the profit before income tax of Rp 18.58 billion. (LK)