JAKARTA - PT Communication Cable System Indonesia Tbk (CCSI) recorded a revenue of IDR 615 billion throughout 2022, marking a 45.49% increase compared to the previous year's performance of IDR 422 billion.

Apolonia Irwina Gunawan, Director of Finance and Accounting at CCSI, stated that the performance in 2022 surpassed the targeted amount of IDR 588.5 billion. " The actual performance exceeded the target by 105%," he said in Jakarta.

With this growth, the company achieved a gross profit of IDR 124 billion, an operating profit of IDR 78 billion, and a net profit of IDR 50.1 billion. In contrast, the 2022 targets were set at a gross profit of IDR 113.1 billion, an operating profit of IDR 65.4 billion, and a net profit of IDR 46.3 billion.

On the other hand, the issuer's debt to equity ratio increased to 82% in 2022 from 44% in 2021. The current ratio decreased from 236% to 163%, while the return on equity (ROE) remained stable at 11% compared to the previous year, and the return on assets (ROA) decreased from 7% to 6%. (LK/W)