Petrochemical firm Chandra Asri Petrochemical (TPIA) booked a net profit of US$51.5 million in 2020, surged 121% from US$23.6 million in 2019, thanks to an income tax benefit. Its revenue was maintained at US$1.8 billion, equal to US$1.88 million in 2019. TPIA reported lower average selling prices across all products last year, and then it increased sales volume both scale and capacity.
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