Ceramic and tile producer Arwana Citramulia (ARNA) booked profit attributable to owners of Rp576 billion in 2022, grew 22.3% year on year (y/y), thanks to lower costs. Sales was flat at Rp2.58 trillion last year while cost of goods sold fell 6.3% y/y to Rp1.53 trillion. Selling expense also declined 5.26% y/y to Rp216 billion. To subscribe please click here