Consumer goods player Kino Indonesia (KINO) booked a net profit of Rp117.7 billion in the first half (H1) of 2020, dropping 67.3% from Rp361 billion in the corresponding period of 2019 as it recorded no gain on bargain purchase during the said period. In H1 last year, KINO recorded Rp264 billion gain on bargain purchase, related to the acquisition of 51% shares in PT Kino Food Indonesia (KFI) from Morinaga.
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