JAKARTA - PT Acset Indonusa Tbk (ACST) recorded a revenue increase of 12% year on year (yoy) to Rp 3.07 trillion in the third quarter of 2019.
Based on an official statement received by IDNFinancials.com on Thursday (31/10), the Infrastructure business line was the largest contributor to the company’s revenue with 72%, followed by Construction (17%), Foundation (8%), and others (3%).
However, in the period ACST also posted a Rp 752.314 billion net loss. The loss was caused by delays in several contractor pre-financing (CPF) projects, which resulted in higher funding, overhead, and other costs allocated for the acceleration of the projects. (MS)