Jakarta - PT Apexindo Pratama Duta Tbk (APEX) managed to record a net profit for the period attributable to owners in the first nine months of this year of US$2,971 million from a loss of US$14.201 million in the same period last year.

The company's financial statements published on Tuesday (16/11) showed that the lower direct costs of around 32.27% to US$26,693 million from US$39.413 million supported this net profit.

APEX's revenue, however, shrank by about 10.73%, or from US$46.669 million to US$41.661 million.

As of the period ending September 2021, Apexindo's total assets were at US$349.551 million with US$219.727 million in liabilities and US$129.823 million in equity.

Meanwhile, the cash and cash equivalent position at the end of the period was US$11,571 million.