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Revenue slipped, BNBR’s net profit multiplied 4 times
Bakrie & Brothers Tbk (BBNR), a multi-sector holding company under Bakrie Group, booked net profit of IDR 636.27 billion within the first nine months (9M) of 2024. The net profit increased over fourfold compared to BNBR’s net profit in 9M 2023, which only reached IDR 123.13 billion. However, looking at it from the top-line, BNBR’s...