JAKARTA - PT Pelat Timah Nusantara Tbk.(NIKL) or Latinusa recorded a net profit of US$ 2.68 million in 2019.
According to the company's financial statements announced on the Indonesia Stock Exchange (IDX) page, Latinusa's performance was much better than in 2018, since in 2018 the company lost US$ 1.54 million.
During that period, the company's revenue fell slightly by 0.03% YoY from US$ 163.13 million in 2018 to US$ 163.08 million. However, the company managed to reduce its cost of goods sold to US$ 152.55 million while also record foreign exchange gain of US $ 675,881.
In 2019, the company's total liability rose slightly by 1.27% to US$ 106.05 million, while its total asset value also rose by 2.65% to US$ 151.69 million. (ARM/AR)