Jakarta - PT Gozco Plantations Tbk (GZCO) managed to reduce the rate of loss attributable to owners of the parent entity by around 76.57% to Rp38.208 billion for the period ending September this year from the same period last year, which reached Rp163.076 billion.

Based on the financial report released Friday (11/26), net sales growth of around 142.25% to Rp459.591 billion from Rp189.714 billion helped reduce the loss.

Unfortunately, the cost of goods sold swelled by around 29.28% to Rp481.114 billion from Rp372.904 billion.

Selling expenses also doubled or from Rp8,567 billion to Rp16,437 billion.

Until the end of September 2021, Gozco's total assets were at Rp1.921 trillion, with a liability position of Rp934.687 billion and equity of Rp986.580 billion.

Meanwhile, the position of cash and cash equivalents at the end of the period was Rp99.883 billion.