Jakarta - PT Solusi Bangun Indonesia Tbk (SMCB) recorded an increase in profit for the current period of around 4.69% to Rp260.974 billion in the first half of this year from the same period last year of Rp249.259 billion.

The company's financial report published on Friday (8/12) showed that the profit growth achievement was supported by a 10.23% increase in revenue to Rp 5.581 trillion from Rp 5.063 trillion.

SMCB also managed to pocket a foreign exchange gain of Rp3.986 billion from the previous loss of Rp1.701 billion. Other expenses could also be reduced by around 32.16%, to Rp21.217 billion from Rp31.250 billion.

The cost of revenue swelled by around 17.49% to Rp4.447 trillion from Rp3.785 trillion.

As of June 30, 2022, SMCB's total assets were at Rp21.871 trillion, with equity of Rp11.224 trillion and liabilities of Rp10.647 trillion.

Meanwhile, the position of cash and cash equivalents at the end of the period was Rp12