Agribusiness and food company Mas Agro Resources and Technology or Smart Corporation (SMAR), controlled by Sinar Mas Group, booked a net profit of Rp1.54 trillion in 2020, jumped 71.4% from Rp898.7 billion in 2019, as revenue grew 11% year on year (y/y) to Rp40.4 trillion. The cost of goods sold rose 6.25% y/y to Rp34.5 trillion, and then gross profit jumped 50% y/y to Rp5.88 trillion.
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