Fimperkasa Utama Says No Transactions Qualify for Revenue Recognition in Second Half of 2025
Bitget2026/11/03 04:17- Fimperkasa Utama maintained an IDR 6.4 billion impairment allowance for Ciangsana Residence project billings as of December 31, 2025, citing recoverability concerns.
- Settlement of related-party trade receivables did not establish recoverability of the entire project balance.
- Full-year revenue remained IDR 4 billion, unchanged from June 30, as no second-half transactions met revenue recognition criteria.
- Operating cash flow turned negative as higher working capital requirements and customer collection timing pushed outflows above inflows.
- A reconciled IDR 270 million gap between bank receipts and reported customer cash inflows reflected timing and transaction classification differences.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Honda Motor (HMC.US) Reports 65.7% Increase in Net Profit in the First Half, Plans to Expand Production Capacity in North America and Brazil
Honda Motor (HMC.US) released its financial results for the first half of fiscal year 2027 on November 10.
Crypto winter not over? Mining rig hosting provider Bitari cancels orders at the last minute, IPO plans put on hold
Bitcoin mining service provider Bitari has withdrawn its Nasdaq IPO plan. The company originally intended to issue 4.3 million shares at $7 per share to raise $30 million. Its annual revenue is approximately $11 million.
Pre-orders for GTA 6 are booming and may reverse the downward trend! Citigroup raises Take-Two Interactive Software (TTWO.US) target to $270
Citigroup maintains a "Buy" rating on Take-Two Interactive Software, with a target price of $270.
Crypto prices
More
