ARTICLE

JSMR - 2024' net profit declined 33.24% yoy Jasa Marga' (JSMR) net profit declined 33.24% yoy to IDR4.53 tn in 2024 due to higher costs, despite with a 34.64% yoy revenue growth at IDR28.70 tn. Moreover, JSMR' revenue from its toll roads grew 23.21% yoy to IDR17.18 tn. Yet, JSMR liquidated one of its subsidiaries, Jalantol Lingkarluar Jakarta, in order to curb losses. Thus, in its balance sheet, the company' liabilities declined 7.98% yoy, while assets still grew 8.83% yoy to IDR140.72 tn. (Source : Bisnis Indonesia)