Petrosea (PTRO) reported a 24.5% YoY increase in revenue to IDR 10.96 trillion for FY24 as several new projects are initiated. Contract mining segment is still the main contributor to the company’s topline at IDR 5.52 trillion; however we saw a 91.2% YoY increase in revenue from the EPC segment to IDR 4.74 trillion as the company shifts its focus to this more profitable and robust segment.
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