Jakarta - PT Exploitas Energi Indonesia Tbk (CNKO) managed to reduce the loss rate for the current period attributable to owners in the first half of this year by around 45.34% to Rp31.343 billion from the same period last year of Rp57.350 billion.

According to the company's financial report released on Wednesday (9/28), CNKO was able to reduce losses thanks to the higher operating revenues, which increased by approximately 50.76%, from Rp493.913 billion to Rp744.635 billion.

Along with the strengthening of operating income, the cost of revenue also swelled by around 54.49% to Rp680.436 billion from Rp440.419 billion.

Operating profit increased by about 24.30% to Rp36.582 billion from Rp29.430 billion.

Interest and finance expenses also shrunk by around 18.38% to Rp67.350 billion from Rp82.519 billion.

As of the end of June this year, CNKO's total assets were recorded at Rp1.311 trillion, with liabilities of Rp2.568 trillion