State electricity firm PT Perusahaan Listrik Negara (PLN) is said to book net profit of Rp10.76 trillion in 2016—a 31% drop from Rp15.58 trillion in 2015—mainly due to subsidy revocation for 900VA customers and no tariff hike. PLN actually booked higher operating revenue (a 2.3% growth) last year (Rp222.65 trillion), compared to Rp217.34 trillion in the previous year.To subscribe please click here