Paper producer PT Fajar Surya Wisesa Tbk (FASW), throughout the year, posted a profit of Rp353.29 billion, down 63.53% compared to the same period last year, Rp968.83 billion.

Based on information disclosure on Monday (29/3), along with the decline in net profit, the company's net sales also fell 4.33% to Rp7.90 trillion, compared to the same period in 2019 of Rp8.26 trillion.

The cost of goods sold increased to Rp6.67 trillion or an increase of 3.39% from the previous Rp6.45 trillion.

Throughout 2020, FASW's equity was at Rp4.58 trillion, or a decrease of 2.34% compared to the end of 2019 of Rp4.69 trillion.

The total liabilities amounted to Rp6.93 trillion, or an increase of 14.54% compared to the end of 2019 valued at Rp6.05 trillion.

Until the end of 2020, the company's assets were at Rp11.51 trillion or grew by 7.069% compared to the same period in 2019, which amounted to Rp10.75 trillion.