State toll road operator Jasa Marga (JSMR) suffered a loss of Rp17 billion in the first quarter (Q1) of 2021, against a profit of Rp521 billion in the corresponding period of 2020, due to lower revenue and higher finance costs. It booked revenue of Rp3.49 trillion in the said period, declined 16.5% year on year (y/y). The Company also recorded finance costs of Rp1.19 trillion in Q1 of 2021, growing 54.8% y/y.
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