Jakarta - PT PP Presisi Tbk (PPRE) posted a profit growth for the year attributable to owners throughout 2021 of around 31.34% to Rp76.929 billion, compared to the previous year's Rp58,569 billion.

The company's financial report, released on Thursday (10/3), showed the increase in profit was supported by a high share of joint venture profits of around 54.94% to Rp79.709 billion, from Rp51.442 billion.

PPRE also managed to pocket a financial income of Rp764,820 million. Other expenses decreased by 34.47% to Rp66,352 billion from Rp101,260 billion.

In addition, PPRE's revenue also strengthened by around 20.16% to Rp2.807 trillion from Rp2.336 trillion.

Unfortunately, PPRE cost of revenue increased by around 24.28%, to Rp2,354 trillion from Rp1,894 trillion.

Until December 2021, PPRE's total assets were at Rp7,029 trillion, with equity of Rp2,979 trillion and liabilities of Rp. 4,050 trillion.

Meanwhile, the ba