Citatah reports net loss

Citatah reports net loss

JAKARTA (JP): Marble producer PT Citatah Indah reported a net
loss of Rp 110.16 billion (US$7.86 million) in the first three
months of this year due to a huge foreign exchange loss, the
company announced over the weekend.

The company said that in the January to March period, sales
surged to Rp 65.32 billion due to a significant increase in
exports. But the foreign exchange loss of Rp 109.35 billion in
that period put the company in the red.

Net sales are expected to reach Rp 140 billion this year, it
said. (aly)