Oil and gas services firm Elnusa (ELSA) booked a net profit of Rp108.85 billion in 2021, dropping 56% year on year (y/y) due to a higher cost of revenues. The Company booked revenues of Rp8.1 trillion last year grew 5.2% y/y, while the cost of revenues rose 8.7% y/y to Rp7.49 trillion. Then gross profit fell 13 y/y to Rp645.5 billion. Profit before income tax dropped 41% y/y to Rp202.7 billion.To subscribe please click here
