JAKARTA - PT Pembangunan Jaya Ancol Tbk (PJAA) recorded a decrease in net profit of Rp. 146.3 billion during the first semester of 2020. Compared to the same period last year, this figure has decreased threefold to 306 percent.
Development Finance Director Jaya Ancol, Hari Sundjojo said the company's financial performance was severely affected by the corona virus pandemic or COVID-19. Because, after the first cases were found in Indonesia, this recreation area was closed from March 14 to June 19.
"Our net profit fell 306 percent in June or a loss of Rp146.3 billion," he said in a video conference, Monday, August 24.
The company also recorded a decrease in operating income by 58 percent to Rp254.2 billion in the first semester of 2020. In fact, said Hari, in the same period last year Ancol managed to book revenue of Rp. 607.8 billion.
"The company's operating income in June 2020 fell by approximately 58 percent," he said.
However, Hari explained, Pembangunan Jaya Ancol, in terms of assets, experienced a growth of 10 percent, from Rp4.1 trillion to Rp4.5 trillion.
Likewise with liabilities, which increased by 29 percent from Rp1.9 trillion to Rp2.5 trillion. On the other hand, there was a 7 percent decrease in equity from Rp2.1 trillion to Rp2 trillion.
"The reason for the increase in assets is because we really need funds to fulfill bonds maturing in July this year, Rp. 300 billion," he explained.
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