Tire producer Gajah Tunggal (GJTL) booked a net profit of Rp320 billion in 2020, grew 19.1% from Rp269 billion in 2019, as operating profit rose 22.2% year on year (y/y) to Rp1.34 trillion. While revenue fell 15.7% y/y to Rp13.4 trillion, gross profit declined 4.4% to Rp2.67 trillion.
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