Jakarta - PT Surya Toto Indonesia Tbk (TOTO) managed to make a profit for the current period in the first nine months of this year, amounting to Rp54,967 billion from a loss in the same period last year of Rp26,502 billion.

The financial report released on Friday (29/10) supported this profit achievement by high revenues of around 12.23% to Rp1.303 trillion from Rp1.161 trillion.

TOTO was also able to narrow the rising cost of goods sold by around 3.68% or from Rp1.057 trillion to Rp1.096 trillion.

In addition, TOTO also achieved an operating profit of Rp71.859 billion from the previous loss of Rp32.183 billion.

TOTO also pocketed a share of the associate's net profit of Rp13.727 billion from the previous loss of Rp766.696 million.

Until the January-September 2021 period, TOTO's total assets reached Rp3.174 trillion, with liabilities of Rp1.247 trillion and equity of Rp1.926 trillion.

Meanwhile, the position of cash