trending Market Intelligence /marketintelligence/en/news-insights/trending/Z2zvtXqU8soKcZ8Ym8e-TA2 content esgSubNav
In This List

Argo Pantes Q2 loss widens 32.5% YOY

Blog

Gold Market Outlook

Blog

Expand Your Perspective: Intelligence

Blog

The evolving world of central bank digital currencies

Blog

Insight Weekly: US stock market downturn; Chinese bank earnings; Europe's big tech bills


Argo Pantes Q2 loss widens 32.5% YOY

PT Argo Pantes Tbk said its normalized net income for the second quarter came to a loss of 1 cents per share, compared with a loss of 1 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $4.6 million, compared with a loss of $3.5 million in the prior-year period.

The normalized profit margin declined to negative 41.6% from negative 12.1% in the year-earlier period.

Total revenue declined 61.3% on an annual basis to $11.1 million from $28.8 million, and total operating expenses decreased 47.7% year over year to $16.8 million from $32.1 million.

Reported net income totaled a loss of $5.6 million, or a loss of 2 cents per share, compared to a loss of $4.2 million, or a loss of 1 cents per share, in the year-earlier period.