Ancora Resources Net Loss Shrinks 10.63% to US$5.75 Million


Jakarta - PT Ancora Resources Tbk (OKAS) throughout 2021 recorded a decrease in the current year's loss attributable to owners of around 10.63% to US$5.75 million, compared to the same period the previous year of US$6.44 million.

In the financial report released on Thursday (4/21), the decline in the company's loss was triggered by the lower cost of goods sold by around 7.33% to US$84.07 million from US$90.72 million.

The company's net sales in 2021 decreased slightly by 0.52 percent to US$108.87 million compared to the same period in the previous year of US$108.30 million.

Until the end of December 2021, the company's total assets were recorded at US$ 107.32 million, with cash and cash equivalents of around US$ 4.14 million.



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