Medco Energi Internasional (MEDC) booked net loss of US$20.6 million last year against net profit of US$150.7 million in 2017. Higher finance costs and income tax expenses cut profit for the year from continuing operations to US$2.36 million only from US$155.4 million in 2017. There were also accounting profits in 2017 such as bargain purchase, gain on business combination, and reversal of impairment of assets that didn’t exist in 2018.To subscribe please click here