Indonesia’s flag carrier Garuda has revised its financial results for 2018 after accounting errors were found in its year-end accounts. In its now revised financial statement from last year, the airline said it had made a net loss of $175 million on revenues of $4.17 billion in the fiscal year, this is against a previously reported net profit of $5 million on $4.37 billion of sales. Other income, bar operating income which was unaffected, was reduced from $279 million to $39 million. Indonesia’s financial regulator (OJK) and stock exchange have ordered Garuda Indonesia to “repair and restate” its annual accounts

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