JAKARTA - PT Solusi Bangun Indonesia Tbk (SMCB), managed to achieve positive growth in Q1 2020, obtaining net profit of Rp 68.43 billion after Rp 123.02 billion loss in Q1 2019.
The success was supported by 4.88% increase in revenue, from Rp 2.35 trillion in Q1 2019 to Rp 2.46 trillion in Q1 2020, and 3.26% decrease in costs of revenue, from Rp 1.86 trillion in Q1 2019 to Rp 1.80 trillion in Q1 2020, resulting in an improved gross profit by 35.70%, from Rp 490.68 billion in Q1 2019 to Rp 665.83 billion in Q1 2020.
Moreover, the company also noted a 18.91% decrease in financial costs, from Rp 219.98 billion in Q1 2019 to Rp 178.32 billion in Q1 2020. (ARM/AC)