KAI’s Net Profit Slumps 74%, Dragged Down by KCIC Losses
JAKARTA, Jakartaweekly.com—KAI’s net profit slumped 74% year-on-year (yoy), with net profit attributable to the parent entity declining from Rp1.18 trillion to Rp305.37 billion. The decline was mainly caused by significant losses from associates and joint ventures, which surged by more than 200% on an annual basis. The company recorded net losses from associates and joint […]
