JAKARTA - PT LCK Global Kedaton Tbk (LCKM), a telecommunications infrastructure construction services company, posted a 7.69% of decline in net profit of 2018.
In consolidated financial statements 2018, LCKM only obtained Rp 4.81 billion of net profit. In the previous year, the company was able to post Rp 5.21 billion of net profit.
In terms of revenues, LCKM posted a growth of 3.13% to Rp 78.5 billion in 2018. Revenue in this period was dominated by the Site Acquisition (SITAC), and Civil Mechanical and Electrical (CME) services, which contributed as much as Rp 78.33 billion.
One of things that weighted the LCKM's net profit in the financial year 2018 is the company's general and administrative expenses that reached Rp 8.8 billion. Even though, the expense in the previous year was only Rp 4.44 billion. (KR/W)