trending Market Intelligence /marketintelligence/en/news-insights/trending/hp81hs8AGj8GTeTsz4x9LQ2 content esgSubNav
In This List

Tifico Fiber Indonesia swings to loss in Q3

Blog

Expand Your Perspective: Intelligence

Podcast

Next in Tech | Episode 66: Connected vehicles in transition

Blog

Gold - Geopolitical tensions and inflation remain key drivers

Blog

Lithium and Cobalt - Softer demand weighs on prices


Tifico Fiber Indonesia swings to loss in Q3

PT Tifico Fiber Indonesia Tbk said its third-quarter normalized net income was a loss of $1.2 million, compared with income of $390,990 in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin fell to negative 3.0% from 0.9% in the year-earlier period.

Total revenue decreased 6.1% year over year to $40.1 million from $42.7 million, and total operating expenses increased on an annual basis to $42.1 million from $41.6 million.

Reported net income totaled a loss of $2.1 million, or a loss of 0 cents per share, compared to income of $751,240, or 0 cents per share, in the year-earlier period.