APEX Turns to US$63.41 Million Loss in Jan-Sep


Jakarta - PT Apexindo Pratama Duta Tbk (APEX) recorded a net loss attributable to owners for the January-September 2022 period of around US$63.408 million, compared to the same period last year, when it earned a profit of US$2.971 million.

The company's financial report released on Wednesday (11/30) showed that this loss was caused by a loss on the sale of fixed assets reaching US$84.335 million from nothing previously.

Foreign exchange losses also almost tripled to US$674,826 from US$258,742.

In addition, APEX's direct expenses jumped approximately twofold to US$48.688 million from US$26.693 million.

Nevertheless, the company increased its revenue by around 55.54% to US$64.803 million from US$41.661 million.

APEX's total assets were recorded at US$264.184 million as of September this year, with liabilities of US$196.415 million and equity of US$67.769 million. Cash and cash equivalents at the end of the period amounted t



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