Jakarta - PT Timah Tbk (TINS) until the end of the first semester of 2021 recorded a profit for the period attributable to owners of the parent entity of Rp270.05 billion, an increase compared to the same period the previous year, which experienced a loss of Rp390.07 billion.

Based on the financial report published on Tuesday (31/8), the company's ability to reduce the cost of revenue from Rp7.81 trillion to Rp4.74 trillion supported the profit achievement. 

Despite the increase in profit, the company's operating income decreased by about 26.89% to Rp5.87 trillion from the same period the previous year of Rp8.03 trillion.

Until the end of the first semester of 2021, TINS' total assets were at Rp13.53 trillion with liabilities of Rp8.28 trillion and equity of Rp5.25 trillion.