JAKARTA - PT Limas Indonesia Makmur Tbk (LMAS) generated Rp 10.69 billion in profit as of 30 June 2019, much better than its record in the same period in 2018, when the company recorded a loss of Rp 80 million. This was mainly caused by higher sales revenue.
Based on the company's financial statements, in the first semester of 2019, Limas Indonesia generated sales revenue of Rp 104.20 billion, higher than Rp 74.76 billion recorded in the same period in 2018. The largest contributor was maintenance and rental services (Rp 65.44 billion), followed by sales of software and hardware (Rp 36.46 billion), stock watch and stock trading (Rp.2.18 billion) and others (Rp 106 million).
As a result, the company managed to increase its gross profit from Rp 6.74 billion to Rp 16.96 billion. (LK/AR)