Emdeki Utama's sales revenue fell by 34.46% in Q1 2019
JAKARTA. PT Emdeki Utama Tbk (MDKI) recorded a 34.46% drop in its sales revenue in Q1 this year, from Rp 101.82 billion recorded in Q1 2018 to Rp 66.73 billion.
In this year's Q1 financial report, MDKI explained that the decline occurred in both the domestic (17.15% to Rp 60.51 billion) and export (78.35% to Rp 6.23 billion).
Despite this, MDKI was still able to increase its net profit by 61.97% year on year (YoY), from Rp 4.68 billion recorded last year to Rp 7.58 billion. This was caused by the success of MDKI to reduce its cost of sales, from Rp 88.54 billion in Q1 last year to Rp 51.89 billion. (KR/AR)