JAKARTA - PT Asia Pacific Fibers Tbk. (POLY) recorded a loss of US $11.91 million in 2019. For information, in 2018, the company managed to record US$ 12.83 million in net profit.
According to the company's financial report announced at the Indonesia Stock Exchange (IDX) on Friday (27/3), the company's revenue declined from US$ 475.21 million in 2018 to US$ 396.68 million.
The company's cost of goods sold actually declined by 14.89%. However, the company lost US$ 5.91 million from foreign exchanges. (ARM/AR)