State-owned Waskita Karya (WSKT) reported a 48% drop in net profit from Rp1.38 trillion profit in Q3 of 2017 to Rp713 billion in the third quarter (Q3) of 2018. The drop in profit is mainly due to a 10% year on year (y/y) rise in cost of revenues (Rp11 trillion vs Rp10 trillion). WSKT revenues was flat at Rp13 trillion.
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