COGS Pushed Sumi Kabel’s Revenue in 1H2017

PT Sumi Indo Kabel, Tbk (IKBI IJ) revenue reported USD32.89mn in 1H2017, or lower than same period last year USD35.56mn. Export market sales as the largest contribution, decrease from USD28.06mn to USD21.17mn. The company’s decreasing performance, also was impacted by the increasing cost of good sold (COGS) and expenses.

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