Asset Divestment Boosts Jasa Marga Profit 375% Higher in Jan-Sep


Jakarta - PT Jasa Marga Tbk posted a profit for the year attributable to owners of the parent entity for the January-September 2021 period of Rp749.417 billion or grew by 375.51% from the same period last year of only Rp157.601 billion.

In the financial report published on Monday (8/11), the high-profit achievement was supported by the low cost of revenue of around 6.66% to Rp6.199 trillion from Rp6.642 trillion.

Operating profit also increased by around 36.34% to Rp4.618 trillion from Rp3.387 trillion. The high operating profit gain was due to the gain from the divestment of investment of Rp788.741 billion.

Jasa Marga's revenue growth slowed by around 0.7% to Rp10.631 trillion from Rp10.547 trillion.

Meanwhile, Jasa Marga's total assets up to the period ending September this year were recorded at Rp105.317 trillion, with liabilities of Rp80.036 trillion and equity of Rp25.280 trillion.

Meanwhile, the position of cash and cas



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