KMI Wire and Cable posts Rp 417.9 billion net profit in 2019
JAKARTA - PT KMI Wire And Cable Tbk (KBLI) posted a Rp 417.9 billion net profit in 2019, up 66.8% year on year (yoy) from Rp 250.78 billion in 2018.
According to the company's financial report, its net income in 2019 amounted to Rp 4.5 trillion, up 6.15% yoy from Rp 4.23 trillion in 2018 while its cost of goods sold rose 0.81% yoy to Rp 3.72 trillion from Rp 3.69 trillion in 2018.
During the period the company posted Rp 1.174 trillion in liabilities, down 3.2% from Rp 1.213 trillion in 2018, while its asset value was recorded at Rp 3.55 trillion, up 9.56% from Rp 3.24 trillion in 2018. (ARM/MS)