State miner Aneka Tambang (ANTM) reported lower sales and higher operating expenses in the first quarter (Q1) of 2017, resulting in expanded operating loss. Its sales declined 16.7% to Rp1.65 trillion in the period, from Rp1.98 trillion in the corresponding period of 2016. Operating expenses meanwhile increased 5% to Rp167 billion, then the Company suffered Rp84.49 billion operating loss in Q1 this year, expanded from Rp50.48 billion loss in Q1 last year. But ANTM’s reported positive bottom line, as it booked a net profit of Rp6.34 billion for the said period thanks to income tax benefit.To subscribe please click here
