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Gajah Tunggal scores Rp 269.10 billion in 2019 net profit

26 May 2020 15:58

JAKARTA - PT Gajah Tunggal Tbk (GJTL) successfully recorded a net profit of Rp 269.10 billion in 2019. This figure increased dramatically compared to the loss experienced by the company in the previous year amounting to Rp 74.55 billion.

The increase in profit was supported by sales growth of 3.84% from Rp 15.34 trillion in 2018 to Rp 15.93 trillion at the end of 2019.

As reported by Bisnis, 17% of sales contribution was made to related parties and the majority of transactions are carried out with GITI Global Trading Pte. Ltd.

At the end of 2019, GJTL's total assets were recorded at Rp 18.85 trillion, down 4.34% compared to the previous year. The assets consist of current assets of Rp 8.09 trillion and non-current assets of Rp 10.75 trillion. (LM)

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