Indomobil Suffers Rp144.7 Billion Loss in Q1

Indomobil Sukses Internasional (IMAS) Suffered loss of Rp144.7 billion in the first quarter (Q1) of 2017, against profit Rp37.8 billion in the corresponding period of 2016. Revenues declined 10.5% to Rp3.74 trillion from previous Rp4.18 trillion. Finance cost rose 3.6% to Rp202.6 billion. IMAS also paid income tax of Rp34.8 billion, compared to Rp3.7 billion only paid in Q1 last year. IMAS’ assets reached Rp27.2 trillion while liability amounted Rp20.6 trillion. The Company has cash and cash equivalent of Rp1.54 trillion as at March 2017.