Plantation firm Sinar Mas Agro Resources and Technology or Smart Corporation (SMAR), controlled by Sinar Mas Group, booked net profit of Rp898.6 billion in 2019, grew 11.8% from Rp597.3 billion in 2018, mainly supported by a gain in foreign exchange (forex) transaction. Net sales declined 2.7% to Rp36 trillion from previous Rp37.4 trillion. Operating profit also fell 32% to Rp1.07 trillion from earlier Rp1.58 trillion.
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