Paper producer Tjiwi Kimia (TKIM), controlled by Sinar Mas Group, booked a net profit of US$74.9 million in the first quarter (Q1) of 2021. Its net profit dropped 52.5% from US$156 million in the corresponding period of 2020 due to lower operating profit, lower Share on the net profit of associate, and lower foreign exchange (forex) gain.
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