Shares of flag carrier Garuda Indonesia (GIAA) was traded flat at Rp510 per share on Monday (Sep. 30) with a market capitalization of Rp12.95 trillion. But the stock has gained 66.7% year to date as the airliner turned to profit in the first half (H1) of 2019, against loss in the corresponding period of last year. Garuda booked a net profit of US$23.85 million in H1 this year, against loss of US$114 million in H1 last year as operation turned to positive along with a 9.7% growth in revenues.
To subscribe please click here
