PT Angkasa Pura II (Persero) posted a loss for the year attributable to the owners of the parent entity throughout 2020, amounting to Rp2.433 trillion, reversing from the previous year of Rp1.018 trillion profit.

Based on the financial reports published on Friday (28/5), the red report performance was triggered by the lower operating income of around 47.28% to only Rp5.843 trillion from Rp11.084 trillion.

Other income also shrank by around 80.55% to Rp44 billion from Rp225 billion. In contrast, the company's financial burden jumped 42.89% to Rp1.136 trillion from Rp795 billion.

The company suffered the bigger loss from associated entities of around 56.30% to Rp86.534 billion from Rp55.364 billion.

Until the period ending 2020, AP II recorded total assets of Rp44.435 trillion, consisting of Rp24.118 trillion in liabilities and Rp21.317 trillion in equity. Meanwhile, the position of cash and cash flows at the end of the year was around Rp2.3