MGRO MADE A PROFIT OF IDR 84,52 BILLION BY DECEMBER 2018
26 March 2019
IQPlus, (25/03) - Current year profit that can be distributed to owners of the parent entity PT Mahkota Group Tbk (MGRO) until the period ended December 31, 2018 reached IDR 84.52 billion, up sharply compared to the profit of IDR 12.39 billion achieved in the same period the previous year.
The company's financial report on Monday stated that revenue rose to IDR 2.00 trillion from IDR 1.76 trillion and cost of revenue rose to IDR 1.74 trillion from cost of IDR 1.60 trillion.
Gross profit rose to IDR 260.73 billion from gross profit of IDR 159.90 billion in the previous year and profit before income tax rose sharply to IDR 106.69 billion from profit before tax of IDR 25.20 billion in the previous year.
The company total assets reached IDR 1.08 trillion as of December 31, 2018, up from IDR 964.71 billion as of December 31, 2017. (end)