Evergreen Net Income Declines on Lower Sales
Yarn and cotton manufacturer Evergreen Invesco posted a nearly 60 percent plunge in net income in 2014 following a decline in revenue.
The company booked a profit of Rp 236 million ($18,170) last year, down 58 percent from Rp 564 million in 2013, according to a filing submitted to the IDX on Monday. Cost of goods sold at the company fell to Rp 95 billion in 2014, a 23 percent drop from the same period the year before.
GlobeAsia
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Source: The Jakarta Globe
