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Goodyear recorded a loss of US$ 264,578 in 2019

31 March 2020 09:07

JAKARTA - PT Goodyear Indonesia Tbk (GDYR) recorded a loss of US$ 264,578 in 2019, mainly due to lower sales and increasing expenses. For information, in 2018, the company managed to record US$ 505,306 in profit.

As quoted from the company's 2019 financial statements published on Monday (30/3), sales were recorded at US$ 139.31 million, lower than the sales in 2018 of US$ 159.92 million. 

The biggest contributor to the company's sales was tire sales (US$ 136.39 million), followed by intermediate goods (US$ 1.99 million) and inner tube sales (US$ 922,032). Domestic sales were recorded at US$ 81.89 million and exports were recorded at US$ 57.42 million. (LK/AR)

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