Throughout 2020, JSMR managed to book a net profit of IDR501.0 billion, +562.1% QoQ, -77.1% YoY. This gain is in line with our estimates where in the second semester JSMR will book another income growth in the toll road segment. Traffic has started to recover since social restrictions were relaxed. We are optimistic that in 2021, both the top and bottom line of JSMR will grow.
Download full report HERE.
