Chemical distributor and manufacturer Lautan Luas (LTLS) booked a net profit of Rp118 billion in 2020—a decline of 47.8% from Rp226 billion in 2019—as operating profit dropped 26% to Rp331 billion and revenue fell 14.4% to Rp5.59 trillion. That said, LTLS’ cash flow balance improved as it generated higher net cash from operating activities last year, reaching Rp828.6 billion, compared to Rp524 billion it generated in 2019.

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