Jakarta - PT Temas Tbk (TMAS) until January-September 2021 recorded a profit for the year attributable to owners of Rp624.01 billion, an increase of 12.147% compared to the same period the previous year of Rp5.09 billion.

The financial report released on Monday (29/11) showed that an increase in profit on disposal of fixed assets by around 3.701% to Rp610.98 billion from Rp16.07 billion led to the surge in profit. 

Net service revenue increased by around 21.26% to Rp2.35 trillion from Rp1.94 trillion.

Temas also managed to reduce the rate of foreign exchange loss by 67.70% to Rp15.94 billion from Rp49.36 billion.

The company's total assets until the end of September 2021 were recorded at Rp3.96 trillion, with liabilities and equity of Rp2.37 trillion and Rp1.58 trillion, respectively.