Sinar Mas Agro Resources and Technology (SMAR), or PT SMART controlled by Sinarmas Group, has just released its financial report for the first nine months to September (9M) of 2019. It booked a net profit of Rp531.85 billion in the said period, compared to Rp12.98 billion only in 9M of 2018. Sales declined 7% to Rp26.38 trillion, and operating profit dropped 42% to Rp583 billion from the previous Rp1 trillion.
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