Jakarta - PT Waskita Karya Tbk, until the first quarter of 2022, managed to reduce the loss rate attributable to owners by around 85.10% to Rp1.09 trillion, down from Rp7.35 trillion in the same period the previous year.

The financial report released on Wednesday (5/11) showed that the ability to reduce losses was supported by the low cost of revenue of around 31.78%, down from Rp15.13 trillion.

Selling expenses also decreased by about 88.07% to Rp46.48 billion from Rp389.92 billion, and general and administrative expenses also fell about two times to Rp2.25 trillion from Rp4.33 trillion.

The company also managed to pocket a foreign exchange gain of Rp662.02 million from a loss of Rp2.60 billion and other income of around Rp3.73 trillion from the previous burden of Rp219.30 billion.

The company's operating income decreased by 24.49% to Rp12.22 trillion from Rp16.19 trillion.

Until the end of March 2022, the company's total as