The profit of PT Wijaya Karya Beton Tbk (WTON) has decreased over the past year.

In the fourth quarter of 2020, the company recorded a net profit of Rp128.05 billion, 75% lower than that in 2019 of Rp512.34 billion.

Based on the disclosure of information on the Indonesia Stock Exchange (IDX), the company's revenue in the fourth quarter of 2020 was recorded at Rp4.80 trillion, down 32.18% from the previous year of Rp7.08 trillion, with basic earnings per share of Rp14.69.

The company's revenue consists of rotary and non-rotary products, services, and construction. The company recorded income from rotary and non-rotary products at Rp3.88 trillion or lower than the previous Rp6.09 trillion.

Wika Beton recorded service revenue at Rp282.35 billion or higher than the previous Rp261.08 billion. Construction income was Rp637.62 billion or lower than the last Rp729.55 billion.

WTON recorded a decrease in the cost of revenue in the fourth quarter of 2020 to Rp4.49 trillion from the same period the previous year of Rp6.13 trillion. General and administrative expenses also decreased to Rp120.34 billion from the previous Rp145.36 billion, and general and administrative expenses decreased to Rp3.99 billion from the previous Rp8.21 billion.

Wika Beton recorded net cash obtained from operating activities at Rp803.26 billion. WTON recorded net cash used for investing activities at Rp281.51 billion, and the company recorded net cash used for financing activities Rp581.40 billion.

Wijaya Karya Beton recorded liabilities of Rp4.70 trillion and equity of Rp3.39 trillion. The company's total assets decreased to Rp8.50 trillion compared to 2019, which amounted to Rp10.33 trillion.