JAKARTA - PT Borneo Olah Sarana Sukses Tbk (BOSS) recorded a net profit plunge of 94.07% year on year (yoy) to Rp 1.79 billion in the third quarter of 2019. Meanwhile, the company’s revenue in the period hiked 3.40% yoy to Rp 189.46 billion.
Based on the company’s Q3 financial statements, BOSS’s cost of goods sold from January to September (9M) this year surged 15.38% yoy to Rp 118.11 billion. In addition, its selling expenses also grew 22.93% yoy to Rp 37.41 billion.
In total, BOSS’s financial expenses in Q3 skyrocketed 80.61% yoy to Rp 11.74 billion. As of the period, the company’s asset value was recorded at Rp 823.39 billion, up 53.37% yoy. (MS)