PLN books net loss of Rp 11.3 trillion

State electricity company, PT Perusahaan Listrik Negara, booked a net loss of Rp 11.3 last year, up from Rp 9.5 trillion in 1998, the company said.

PLN's revenue however rose to Rp 15.6 trillion from Rp 13.7 trillion in 1998, the Jakarta Post reported.

PLN said soaring operation costs contributed to an increase in its operating losses last year, which stood at Rp 5.5 trillion compared to Rp 2.7 trillion in 1998.

Its operating profit jumped to Rp 21.5 trillion from Rp 16.8 trillion last year.

The company said the fuel expenses reached Rp 9.69 trillion last year, slightly higher than Rp 9.4 trillion in the previous year.

However expenditures for the purchase of power supplies jumped to Rp 5.08 trillion last year from Rp 1.01 trillion in the previous year. (*)