Indonesia Energy Corporation reported a decrease in total assets from $17.72 million at the end of 2023 to $17.47 million by June 2024. This reflects a challenging financial period for the company.
The company’s liabilities have increased significantly during this period. This rise in liabilities indicates growing financial obligations.
INDO experienced a net loss of $2.1 million for the first half of 2024. This compares to a $1.6 million loss in the same period last year, showing an increased loss.
The rising operational costs contributed to the increased net loss. This financial update provides investors with insight into the company's performance.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.