PT Elang Mahkota Teknologi Tbk (EMTK) in the first quarter of 2021 posted a profit for the year attributable to the owners of the parent company of Rp102.08 billion compared to the same period last year, which lost around Rp157.46 billion.

In the financial report published on Monday (3/5), the profit achievement was triggered by an increase in net income by around 20.05% or Rp3.12 trillion from Rp2.60 trillion.

However, the company's cost of revenue increased 19.27% to Rp2.16 trillion from Rp1.81 trillion.

The company's total assets until the end of March 2021 increased by around 54.22% to Rp27.58 trillion from  Rp17.88 trillion at the end of December 2020.