State construction firm Adhi Karya (ADHI) reported a 16.3% decline in net profit to Rp115 billion in the first nine months (9M) of 2016 due to poor performance in the third quarter (Q3), which fell 11.2%. Operating profit and revenues increased 5.1% and 8.9% respectively in 9M period, and growing 16.3% and 24.4% each in Q3. As the Company recorded a 68.7% jump in financial charges to Rp167.4 billion against previous Rp99.45 billion profit for the period declined accordingly.To subscribe please click here