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Gozco Plantations swinngs to net loss in 2015

JAKARTA ( – PT Gozco Plantations Tbk has recorded net losses in 2015 on higher financial charges and cost of goods sold (COGS).

Following is the highlights of the company’s 2015 results compared to previous year:
– Revenues Rp491.60 billion vs RP462.84 billion
– COGS: Rp381.19 billion vs Rp324.96 billion
– Gross profit : Rp11.42 billion vs Rp137.88 billion
– Financial Charges Rp172.65 billion vs Rp13.17 billion
– Pre-tax losses Rp55.11 billion vs pre-tax profit of Rp47.71 billion
– Net losses: Rp31.82 billion vs net profit of Rp50.9 billion
– Net loss attributable to parent entity: Rp31.82 million vs Net profit attributable to parent entity Rp50.9 billion. (*)

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