Jakarta - PT Adhi Karya Tbk, until January-September 2021, posted a net profit attributable to owners of the parent entity of Rp17.01 billion, an increase of 10.63% compared to the same period the previous year of Rp15.38 billion.

The company financial report released on Monday (1/11) showed that the increase in profit was supported by ADHI's low cost of revenue of around 14.31% or from Rp7.31 trillion to Rp6.26 trillion.

The company also reduced its operating expenses by around 12.95% or from Rp563.50 million to Rp490.52 million.

The company was also able to increase its share of joint venture profits by more than double or from Rp82.16 billion to Rp184.53 billion.

Unfortunately, ADHI's operating income decreased by around 13.08%, or from Rp8.45 trillion to Rp7.35 trillion.

ADHI also has to accept the loss of associates for the first nine months of this year, reaching Rp509.08 million from the same period the previous year,