Jakarta - PT ABM Investama Tbk (ABMM) recorded a profit for the year 2021 of US$186.183 million compared to the previous year's loss of US$37.740 million.

In the company's financial report published on Tuesday (5/4), the higher revenue from contracts with customers of around 68.48% to US$1.021 billion from US$606 million indicated the success of making a profit.

Along with the increase in revenue, the cost of revenue also increased by around 29.83 percent to US$655.508 million from US$504.892 million.

Operating profit increased by about 1.761% to US$303.502 million from US$16,302 million.

Until the period ending December 2021, ABMM's total assets were at US$1.036 billion, with US$679.815 million in liabilities and US$356,889 million in equity.

Meanwhile, it recorded the position of cash and cash equivalents at the end of the year at US$237,220 million.