State toll road operator Jasa Marga (JSMR) booked a net profit of Rp644 billion in 2020—a 69.7% year on year (y/y)—as revenue fell 48% y/y to Rp13.7 trillion and operating profit declined 23.8% y/y to Rp4.46 trillion. JSMR only booked a net profit of Rp68 billion in the Jan-Sep 2020 (9M) period, and it booked a net profit of Rp577 billion in the fourth quarter (Q4) of 2020. Its revenue declined 39.2% y/y to Rp3.16 trillion in Q4 last year. The figure fell 16.3% from Rp3.77 trillion revenue in Q3 of 2020.
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