State plantation firm PT Perkebunan Nusantara (PTPN X) suffered loss of Rp200.46 billion in first half (H1) this year, widened from loss Rp197.7 billion in H1 last year. Revenues increased 32% to Rp763.69 billion from previous Rp578.6 billion. Cost of goods sold reached Rp754.46 billion. Then the Company only booked gross profit of Rp9.2 billion. While operating expenses reached Rp134.5 billion. Then operating loss was Rp147 billion. PTPN X’s assets reached Rp13.08 trillion while liability amounted Rp4.24 trillion. It has cash of Rp148 billion.
