Jakarta - PT Nusantara Infrastructure Tbk (META) recorded a jump in profit for the period attributable to owners for the January-September 2022 period of around 422.45% to Rp65.563 billion from the same period last year of only Rp12.549 billion.

The company's financial report, released on Wednesday (11/30), showed profit growth was supported by lower direct costs and cost of sales of around 36.73% to Rp223.514 billion from Rp353.280 billion.

Operating profit strengthened by around 69.07% to Rp198.493 billion from Rp117.397 billion.

However, operating revenues decreased by around 2.92% to Rp614.647 billion from Rp633.154 billion.

Total META assets were recorded at Rp6.744 trillion as of September this year, with liabilities and equity of Rp3.285 trillion and Rp3.458 trillion, respectively.

Meanwhile, cash and cash equivalents at the end of the period amounted to Rp616.074 billion.