JSMR recorded income decline of 45.3% YoY pressured by fall in construction revenue in 1Q20 as much as 71.8% YoY. However, the company’s bottom line is still stable as reflected in the cost of revenue that was successfully down by 57.1% in the first quarter of 2020. Moreover, the company is currently issuing continuous bonds with a total of IDR3 trillion to strengthen liquidity amid the pandemic.
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