JAKARTA - PT Cikarang Listrindo Tbk (POWR) posted US$ 79 million of current profit in the third quarter of 2019, rose by 30.1% compared to US$ 60.6 million in the same period last year.
Christanto Pranata, Director Finance of PT Cikarang Listrindo Tbk (POWR) stated that the profit achievement was supported by revenues that rose 3.2% to US$ 440 million from the same period last year.
According to him, as the good performance of revenues, the company also obtained the appreciation from one of international rating companies in June 2019, as the debt rating was upgraded from BB to BB+. "We have the upgraded debt ratings by the Standard & Poor's (S&P) rating agency, from BB to BB +; and this is the third best in the category of non-SOE (private companies) for S&P in Indonesia," he said. (LK/W)