State-owned construction firm PT Pembangunan Perumahan (PTPP) booked net profit of Rp421 billion last year, surged by 36% from 2012 on strong revenue growth of 45.6%. While its net profit margin (NPM) declined 6.7%, PTPP managed to grow its return on equity (ROE) by 13.3% to 21.2%, higher than Waskita Karya (WSKT).

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