BSDE books performance recovery in 3Q20. Income was recorded at IDR1.94 trillion (+19.2% YoY, +131% QoQ) supported by increase in development income segment of 37% YoY. Efficiency by BSDE lifted margin and resulted in a profit of IDR559 billion (+156.8% YoY). Marketing sales reached IDR4.7 trillion or 65% of the 2020 target. We see that BSDE’s performance can still grow, supported by strong capital structure.
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