Coal-mining-service firm Samindo Resources (MYOH) booked a net profit of US$18.69 million in the first nine months to September (9M) of 2019, declined 14.3% from US$21.5 million in the corresponding period of 2018. Revenues increased 8% to US$189 million from the previous US$175.2 million. But the cost of revenues also rose 14.5% to US$158.5 million from US$138.2 million in the previous year. This caused a 16.7% decline in the gross profit to US$30.38 million from US$36.99 million.
To subscribe please click here
