Garuda booked profit, not loss: State Enterprises Minister
Nani Afrida, The Jakarta Post, Jakarta | Business | Wed, November 10 2010, 8:07 AM
After announcing that national flag
carrier Garuda Indonesia suffered losses of Rp 39.51 billion (US$ 4.4 million) in
the third quarter of 2010, the State Enterprises Ministry revised its statement
and said the company had booked a net profit of Rp 194.9 billion.
The previous announcement was a genuine
error, State Enterprises Minister Mustafa Abubakar said Tuesday.
“Garuda booked a profit, not a loss.
There was an error in the financial report,” he said.
On Friday, Sumaryanto Widyatin, Mustafa’s
deputy for infrastructure and logistics, said had Garuda suffered losses in the
third quarter after opening new international routes.
Garuda president director Emirsyah
Satar declined to comment on the mistake, saying that an independent auditor
had checked the report.
