Jakarta - PT Gozco Plantations Tbk (GZCO) in the first half of 2021 managed to reduce losses attributable to owners of the parent entity by around 58.30% to Rp64.24 billion from the same period the previous year, which reached Rp154.07 billion.

According to the financial report published on Friday (27/8), Gozco's ability to reduce losses was supported by an increase in net sales of around 93.93% to Rp252.18 billion compared to the same period in 2020 of Rp130.03 billion.

Other income also increased from Rp14.57 billion to Rp35.07 billion.

Gozco was also able to reduce the rate of funding expenses by around 13.70% to Rp30.90 billion from Rp35.81 billion.

As of the first semester of 2021, the issuer of the Indonesia Stock Exchange with the stock code GZCO posted total assets of Rp1.89 trillion, with liabilities of Rp937.04 billion and equity of Rp959.59 billion.