Delta Djakarta's revenue declined by 50.47% YoY in Q1 2020
JAKARTA - PT Delta Djakarta Tbk (DLTA), a manufacturer and distributor of beer, booked profit attributable to the parent entity of Rp 42.42 billion in the first quarter (Q1) of 2020, 50.47% lower than its record in Q1 2019 (Rp 85.66 billion).
According to the company's financial statements, in the first three months of the year, the company recorded revenue of Rp 153.06 billion, 32.50% lower than the record in Q1 2019 of Rp 226.76 billion.
The decline in revenue resulted in the company's gross profit being corrected by 34.21% to Rp 105.97 billion. In the same period in 2019, Delta Djakarta's gross profit reached Rp 161.08 billion. (ARM/WW/AR)