Jakarta - Gozco Plantation Tbk (GZCO) has reported a decrease in its loss attributable to owners for the January-September 2022 period of around 84.08% to Rp6.080 billion,  from Rp38.208 billion last year.

The company's financial report published on Wednesday (11/30) showed Gozco's ability to reduce the loss rate, helped by the lower cost of goods sold by around 30.55% to Rp334.127 billion from Rp481.114 billion.

Unfortunately, net sales decreased by around 16.96% to Rp381.640 billion from Rp459.591 billion.

Gozco total assets were Rp1.784 trillion, with liabilities of Rp714.939 billion and equity of Rp1.069 trillion.

Meanwhile, the position of cash and cash equivalents at the end of the year was Rp49.362 billion.