Jakarta - PT Dharma Satya Nusantara Tbk (DSNG) throughout 2021 posted a net profit of Rp727.15 billion, an increase of around 54.44% compared to the same period the previous year of Rp476.63 billion.

In the financial report released on Wednesday (23/2), the strengthening of profit was supported by an increase in sales of around 6.36% to Rp7.12 trillion from Rp6.69 trillion.

The company was also able to reduce the cost of goods sold by around 3.07% to Rp5.09 trillion from Rp4.94 trillion.

In addition, the company managed to get a reversal in the value of trade receivables of Rp. 10.93 billion from the previous loss of Rp. 1.12 billion. Profit from changes in the fair value of biological assets also jumped seven times, or to Rp77.98 billion, from Rp11.25 billion.

Other expenses were also reduced about ten times, or to Rp7.25 billion from Rp76.001 billion.

However, other income and gain from property, plant and equipment sales decreased