Tunas Ridean recorded Rp 582.7 billion in net profit in 2019
JAKARTA - PT Tunas Ridean Tbk (TURI) generated Rp 582.7 billion in net profit in 2019, 3.92% higher than the figure recorded in 2018 of Rp 560.15 billion.
As quoted from the company's financial statements posted on the Indonesia Stock Exchange page today (27/2), the company's revenue actually declined slightly from Rp 13.4 trillion in 2018 to Rp 13 trillion.
However, the company's cost of revenue also fell from Rp 12.28 trillion to Rp 11.83 trillion. Also, the company's equity rose from Rp 3.55 trillion to Rp 3.949 trillion. (ARM/AR)