State cement producer Semen Indonesia (SMGR) booked a net profit of Rp425 billion in the first quarter (Q1) of 2020. It jumped 78.6% from Rp238 billion in the corresponding period of 2019 revenue grew 5.6% to Rp8.58 trillion. Gross profit also rose 22.7% to Rp2.7 trillion thanks to the lower cost of revenues.

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