PTPP's Net Profit Increases Slightly 2.15 Percent Throughout 2022

Illustration of the Rupiah (Photo: Doc. Antara)

JAKARTA - PT PP (Persero) Tbk (PTPP) noted that net profit throughout 2022 reached IDR 271.7 billion. This amount increased 2.15 percent compared to the previous year which amounted to IDR 265.98 billion.

The slight increase was due to the fact that in 2021 there was a discount purchase gain of IDR 51.79 billion. And, in 2021 there will also be a profit on the divestment of subsidiaries and other investments of IDR 497.61 billion.

Meanwhile, PTPP's revenue reached IDR 18.92 trillion. This amount grew 12.88 percent compared to the previous year's IDR 16.76 trillion.

Meanwhile, the company's cost of revenue increased 11.38 percent in 2022 by Rp. 16.24 trillion. The gross profit achieved was Rp. 2.67 trillion, an increase of 23.04 percent.

Until the end of December 2022, PTPP's total assets were recorded to have increased to IDR 57.61 trillion, compared to the end of December 2021 which amounted to IDR 55.57 trillion.

On the other hand, PTPP's total liabilities were recorded at IDR 42.79 trillion, an increase compared to the end of 2021 which amounted to IDR 41.24 trillion.

Meanwhile, PTPP's total equity was recorded at IDR 14.82 trillion at the end of 2022, a slight increase compared to 2021 which amounted to IDR 14.33 trillion.

Meanwhile, PTPP recorded cash receipts from customers of IDR 18.32 trillion at the end of 2022, an increase from the end of 2021 of IDR 18.04 trillion. PTPP's cash and cash equivalents at the end of 2022 decreased to IDR 6.60 trillion, compared to 2021 which amounted to IDR 7.37 trillion.