The Tower Company Of The Sinarmas Group Owned By The Late Conglomerate Eka Tjipta Widjaja Earns Revenue Of IDR 593.3 Billion In Semester I 2022

Illustration. (Photo: Pixabay)

JAKARTA - PT Inti Bangun Sejahtera Tbk (IBST) recorded an increase in revenue in the first half of 2022. However, IBST's net profit fell during the first six months of this year.

In the company's financial report, quoted on Thursday 11 August, IBST's operating income was recorded at Rp. 539.3 billion in the six months of 2022. This operating income increased 7.39 percent compared to the same period last year of Rp. 502.2 billion.

IBST recorded a cost of revenue of Rp. 259 billion, up 3.22 percent compared to the first semester of 2021 of Rp. 250.9 billion. Although the company's cost of revenue increased, IBST's gross profit rose 11.56 percent from IDR 251.2 billion in the first semester of 2021 to IDR 280.3 billion in the first semester of 2022.

However, IBST's profit for the current period fell 32.58 percent from IDR 72.4 billion in the first semester of 2021, to IDR 48.8 billion in the first semester of 2022.

As for the first six months of 2022, IBST's total assets were recorded to have increased to Rp10.04 trillion, from Rp9.54 trillion at the end of 2021.

The company's total liabilities rose to Rp3.4 trillion as of June 30, 2022, from Rp.2.96 trillion as of December 31, 2021. Meanwhile, the company's total equity increased from Rp.6.58 trillion at the end of December 2021, to Rp.6.63 trillion at the end of June 2022. .