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Rabu, 02 Maret 2011

Davomas Cuts Loss by 88% in 2010 - The Indonesia Today

Cocoa exporter PT Davomas Abadi Tbk (DAVO) reported net loss of Rp26.48 billion, dropped 88% compared to net loss Rp226.75 billion in previous year.

Revenue also surged 297% to Rp1.61 trillion from Rp406.06 billion in 2009 while cost of good sold only increased 23% to Rp1.31 trillion from Rp1.06 trillion a previous year.

Operating expense declined 46% to Rp219.14 billion from Rp405.63 billion in 2009. Then it booked operating profit of Rp86.64 billion compared to operating loss of Rp1.06 trillion a year earlier.

However, the company recorded other expense of Rp128.51 billion. It posted no extraordinary gain in 2010. In 2009, the company booked extraordinary gain of Rp621.38 billion.

As of December 2010, DAVO's assets totaled Rp1.03 trillion while liability amounted Rp1.89 trillion.
Posted by Saham Pilihan at 06.04

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