Financials of state EPC Hutama Karya improved in the first half (H1) of 2019 as net profit jumped 78% to Rp1.1 trillion from Rp614 billion in the corresponding period of 2018. Operating profit also surged 82% to Rp1.23 trillion. While revenues declined 16.2% to Rp8.1 trillion, but gross profit rose 58% to Rp1.36 trillion, thanks to the lower cost of revenues as the Company focused on efficiency for procurement.
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