Jakarta - PT Indonesia Infrastructure Finance (IIF) posted an increase in net profit of 24.72% to Rp52.027 billion in 2021, compared to the previous year of around Rp42.510 billion.

The company's financial report published on Monday (21/2) showed that strengthening net profit was supported by high revenue of around 4.34%, to Rp951.095 billion from Rp911,520 billion.

However, operating expenses swelled by around 3.93% to Rp873,323 billion from Rp840,279 billion.

Meanwhile, IIF's total assets were recorded at Rp14,551 trillion as of the end of December 2021. Total liabilities and equity were Rp12.329 trillion and Rp2.221 trillion, respectively.

The company recorded the cash and cash equivalents at the end of the period at Rp1.352 trillion.