Plantation firm Sinar Mas Agro Resources and Technology or Smart Corporation (SMAR), controlled by Sinar Mas Group, booked a net profit of Rp215 billion in the first nine months (9M) to Sept. of 2020, dropped 59.6% from Rp532 billion profit in the corresponding period of 2019, mainly due to the foreign exchange (forex) loss of Rp760 billion. In the first 9M of 2019, the company recorded a forex gain of Rp219 billion. 

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