Garuda Indonesia Optimistic its Performance on 3Q2017

PT Garuda Indonesia, Tbk (GIAA IJ) is optimistic on its 3Q2017’s performance, citing that it will a profit in the quarter, since there is a twofold increase from same period 2016. During 3Q2016, company reported its net income worth USD19.1mn. While according to company’s statement, Garuda Indonesia’s net income could reach USD70mn in 2H2017, a turnaround from a net loss in 1H2017 worth USD281.92mn.

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