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)