JAKARTA - PT Onix Capital Tbk (OCAP) recorded Rp 1.59 billion of net loss in the third quarter of 2019, went down from Rp 26.78 billion of net loss in December 2018. Net loss was due to the decrease in operating cost.

Tjie Ping Astono Setiadi, Director of PT Onix Capital Tbk (OCAP) stated that the operating cost decreased from 2017, from Rp 25.90 billion to Rp 15.98 billion in 2019. "The loss in 2017 was Rp 44 billion, Rp 26.7 billion in 2018, and the last is Rp 1.5 billion in 2019," he said.

According to him, revenues have decreased in December 2019, when it was so much higher in December 2017. Based on the company's financial report, OCAP recorded Rp 7.13 billion of revenues in 2017, higher than Rp 9.76 billion, and decreased to Rp 7.32 billion in the third quarter of 2019. (LK/W)