JAKARTA - PT Lautan Luas Tbk. recorded a net profit of Rp 180.56 billion in 2019, 9.87% lower than its record in 2018 of Rp 200.33 billion.
Based on the company's financial statements, the decline in net profit was caused by the 7.66% decline in the company's revenue (from Rp 7.07 trillion in 2018 to Rp 6.53 trillion.
The decrease in income was accompanied by an increase in the company's cost of goods sold (to Rp 5.78 trillion) and financial expenses (to Rp 225.13 billion).(ARM/AR)