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Buana Listya Earnings Decrease 95.81% as of September 2014
January 21, 2015

StockWatch (Jakarta) - PT Buana Listya Tama Tbk (BULL) recorded earnings of US$475,000 for January-September 2014, lower by 95.81% than US$11.35 million at the same period in 2013. The companys financial statement as of September 2014 published by the Indonesia Stock Exchange (IDX) on Tuesday (20/1) described, the earnings plunge was due to its revenue slumped by 6.91% to US$33.72 million from US$36.22 million as of September 2013. However, its cost of good sales (COGS) also reduced by 20.33% to US$25.44 million from US$31.94 million as of September 2013. As a result, the company was capable to book gross earnings of US$8.27 million, raised by 93.32% from US$4.27 million as of September 2013. After being reduced by operating expenses and other expenses, that shipping services issuer, whose assets was of US$252.19 million as of September 2014, posted pretax earnings of US$876.000, lower by 92.55% than US$11.77 million as of September 2013. (konrad/abr)