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Steady Safe recorded Rp. 1.81 billion of losses in Q1 2019

13 June 2019 12:33

JAKARTA. PT Steady Safe Tbk (SAFE) recorded a loss of Rp 1.81 billion in the first quarter (Q1) of 2019, due to the increase in operating expenses.

In the company's Q1 financial report released today (13/6), SAFE said that the company's operating expenses this year reached Rp 2.59 billion, 40.59% higher compared to the record from the same period last year.

Despite this, SAFE's total losses in Q1 this year were still better than the losses recorded in Q1 2018, which reached Rp 3.94 billion. In Q1 last year, the company's loss was affected by SAFE's net operating income, which only recorded at Rp. 542.93 billion. (KR/AR)

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