PWON’s revenue in 1Q21 fell 32.4% YoY. Meanwhile, net profit jumped 254.5% YoY due to lower foreign exchange loss. Entering 2H21, PWON is facing the implementation of Emergency Public Activity Restrictions (PPKM) as Covid-19 cases increase. PWON must be able to increase performance efficiency and implement the right business strategy, to restore this year’s performance.
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