JAKARTA. PT Acset Indonusa Tbk (ACST) recorded a net loss of Rp 1.14 trillion in 2019, which mainly caused by the company's cost of revenue which rose by 33.66%.
Although Acset Indonusa's net revenue grew by 6.18% (YoY) from Rp 3.72 trillion to Rp 3.95 trillion, the company's cost of goods sold rose from Rp 3.03 trillion to Rp 4.05 trillion. Also, cost of raw materials also rose by 56.43% from Rp 1.53 trillion to Rp 2.17 trillion.
All these expenses caused the company to record a net loss of Rp 1.14 trillion. In 2018, the company still managed to record a net profit of Rp 18.28 billion. (AM/AR)