HomeNewsVideos

Kimia Farma lost Rp 12.72 billion in 2019

27 March 2020 12:01

JAKARTA - PT Kimia Farma (Persero) Tbk (KAEF) recorded a loss of Rp 12.72 billion in 2019. In 2018, the company managed to record Rp 491.57 billion in net profit.

The loss happened although the company noted an 11.11% increase in net sales from Rp 8.46 trillion (2018) to Rp 9.4 trillion (2019). However, COGS also increased 15.72%, from Rp 5.1 trillion (2018) to Rp 5.9 trillion (2019), resulting in a slight increase in gross profit from Rp 3.36 trillion (2018) to Rp 3.5 trillion (2019).

A steep increase in operating expenses, 23.69%, from Rp 2.6 trillion (2018) to Rp 3.2 trillion (2019), as well as financial costs, 119.16%, from Rp 227.22 billion (2018) to Rp 497.97 million (2019) were also noted in the company's financial statements, a major reason for their loss this year. (ARM/AC/AR)

© 2024 - IDN Financials - All Rights Reserved.