Jakarta - PT Rukun Raharja Tbk (RAJA) posted a profit growth attributable to owners of around 977.39% to US$2.812 million in the first half of this year compared to the same period last year of only US$261,172.

In the company's financial report released on Monday (8/22), the strengthening profit was boosted by the high revenue achievement of around 11.84% to US$ 56.089 million from US$ 50.149 million.

In addition, it successfully narrowed the rate of other expenses by around 24.57% to US$4.708 million from US$6.213 million.

RAJA's cost of revenue jumped by 16.01% to US$46,961 million from US$42.284 million.

Until the first semester of 2022, RAJA's total assets reached US$247.677 million, with liabilities of US$120.090 million and equity of US$127.587 million.

Meanwhile, the position of cash and cash equivalents at the end of the year was US$35.502 million.