Shares of Multipolar Technology (MLPT) collapsed 17.2% Thursday as the company reported net profit of Rp63.26 billion in Jan-Sep 2017, dropped significantly from Rp103 billion in the corresponding period last year. Multipolar Technology’s sales revenue actually improved 9% to Rp1.47 trillion in the period, but gross profit declined slightly to Rp167.1 billion. At the last quoted price, Multipolar Technology has market capitalization of Rp1.22 trillion.
