PT Rukun Raharja Tbk (RAJA) posted a decrease in profit for the year attributable to the parent company owners throughout 2020 of around 75.65% to US$1.389 million compared to the previous year which reached US$5.706 million.

Based on the financial reports published on Friday (16/4). the low profit was due to the foreign exchange loss of US$457.544 last year. The company previously pocketed a foreign exchange gain of around US$1.034 million.

The company must also bear a loss from the sale of fixed assets of US$1.690 from the previously recorded profit of US$29.550.

Other income also sharply decreased by about four times or from US$8.472 million to only US$2.324 million.

Operating income was also decreased by 19.13%. from US$122.131 million to US$98.764 million. However. the company managed to reduce the revenue cost by 21.28 percent to US$82.671 million.

Until the end of 2020. RAJA recorded US$166.644 million in total assets. consisting of US$43.397 million in liabilities and US$123.246 million in equity.

The company recorded cash and cash equivalents at the end of the year at US$38.806 million. an increase from US$21.835 million in the previous year.