Discover and read the best of Twitter Threads about #recordloss

Most recents (1)

#GarudaIndonesia posts record loss of 2.4 billion USD over FY 2020. It took quite some time, it's over half way down 2021 already, but Indonesia's state-owned airline has finally published their numbers. Highlights? Here we go. (1/9)

Main points:
1. Sales down 68% YoY compared to the last non-corona year of 2019.
2. Liabilities exceed assets by a whopping 3.8 billion USD.
3. Negative cash-flow of 96.5 mil USD in 2020. (2/9)
What else, well.. this: "[...] Garuda's auditor PwC assigned a "no opinion" on the financial results - given when an auditor cannot judge whether a company's accounts have been properly created - which would further undermine investor confidence in the carrier." (3/9)
Read 10 tweets

Related hashtags

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!