JAKARTA: PT Agis Tbk (TMPI) turned to IDR4.92 billion net profit last year from a net loss of IDR3.14 billion in the previous year.
The company's net profit was underpinned by other income of IDR67.35 billion, a 158.44% jump from IDR26.06 billion.
Agis was still in operating loss of IDR26.26 billion, widened 52.06% from IDR17.27 billion.
Net sales fell 33.67% to IDR214.69 billion from IDR323.66 billion.
Agis last year entered into an investment agreement with Global Emerging Markets.
Referring to the agreement, Global Emerging has agreed to support Agis with US$150 million financing, which will used to acquire majority stakes of assets. (wiw)