Jakarta - PT Adi Sarana Armada Tbk recorded a surge in profit for the year attributable to owners for the January-September 2022 period of around 63.65% to Rp131.279 billion from the same period last year of Rp80.216 billion.

According to the company's financial report released on Wednesday (11/10), a 33.20% increase in revenue to Rp4.629 trillion from Rp3.475 trillion supported the rising profit.

Along with the increase in revenue, the cost of revenue also swelled by around 34.67% to Rp3.771 trillion from Rp2.8 trillion.

Operating profit shrank by 4.06% to Rp253.540 billion from Rp264.272 billion.

The share of losses from associates also increased by about two times, from Rp7.171 billion to Rp15.690 billion. A higher financial income, which almost doubled to Rp17.863 billion from Rp8.763 billion, offset this loss. 

Adi Armada's total assets were Rp7.443 trillion, with liabilities of Rp4.899 trillion and equity of Rp2.54