Industrial estate developer Pakuwon Jati (PWON) booked a net profit of Rp1.12 trillion in 2020, dropped 65.4% from Rp3.24 trillion in 2019 as revenue fell 44.8% year on year (y/y) to Rp3.97 trillion and gross profit declined 52.5% y/y to Rp1.9 trillion. The Company also recorded a foreign exchange (forex) loss of Rp55.9 billion in 2020, against a forex gain of Rp130 billion in 2019.
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