Jakarta - PT Adhi Karya Tbk, as of the first quarter of 2022, posted a profit attributable to owners reaching Rp8.67 billion, an increase of 28.67% compared to the same period in the previous year of Rp6.74 billion.

According to the financial report released on Monday (9/5), the company's profit increase was supported by the low cost of revenue of around 6.13%, to Rp1.68 trillion from Rp1.79 trillion.

ADHI also managed to keep its operating costs down to Rp149.41 billion. Operating profit increased by around 12.76% to Rp153.39 billion from Rp175.84 billion.

Other income increased by about three times, to Rp38.42 billion, from Rp11.90 billion.

However, operating income decreased by 6.27% to Rp1.98 trillion from Rp2.11 trillion.

As of the first quarter of 2022, the company's total assets reached Rp38.93 trillion, with liabilities of Rp32.91 trillion and equity of Rp6.02 trillion.