State construction firm PT PP (PTPP) booked net profit of Rp1.21 trillion in 2019, declined 38% from Rp1.96 trillion in 2018 due to a drop in other income, and share in the profit of joint venture, and no bargain purchase. While revenues only fell 4% to Rp24.6 trillion and gross profit was maintained at Rp3.48 trillion.
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