JAKARTA (AFX-ASIA) – PT Petrosea said its 2002 net profit fell sharply to 23.390 billion rupiah from 117.515 billion rupiah in 2001, largely due to forex exchange losses and the sharp rise in operating expenses. (US$1=8,200 rupiah). Petrosea’s financial controller Etty Magdalena said the increase in operating expenses was largely due to the rise in…
INDONESIA: Petrosea 2002 net profit falls sharply due to loss in forex, operations
Posted on June 16, 2003 by EnergyAsia