Mitra Rajasa suffers from IDR304.45 billion losses

PT Mitra Rajasa Tbk in semester I/2009 suffered from IDR304.45 billion losses plunging from IDR42.42 billion net profit of the same period last year.
The financial statement reports the compnay revenue in semester I/2009 sharply swelled from IDR138.04 billion last year.
The losses suffered by Mitra Rajasa in semester I/2009 was due to the high direct service cost worth IDR988.06 billion sharply mounting from IDR77.48 billion last year.
Mitra Rajasa had IDR12.21 trillion assets in semester I/2009 growing from IDR1.24 trillion last year. The number of asset as per 30 June 2009 plunged into IDR1.54 trillion in the past three months as from IDR13.75 trillion per March 31, 2009.
The liabilities are estimated to grow along with the finalization of US$3.15 million bank loan to acquire 22.50 percent shares of PT Pangansari Utama.