
Profit margin slipped, PPRE’s net profit plummeted 80.7% until September 2024
PP Presisi Tbk (PPRE), a building construction company owned by PT PP (Persero) Tbk (PTPP), only recorded net profit of IDR 7.7 billion within the first nine months (9M) of 2024. The number dropped 80.7% year-on-year (yoy) lower from the profit recorded in the same period last year, in which the company cored IDR 39.4...