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Medco’s net profit plummeted 60% due to slow performance of AMMN
03 Oct 2023 07:25
PT Medco Energi Internasional Tbk (MEDC) booked significant downturn of its net profit, reaching 60.58% year-on-year (yoy), due to several factors, including low contribution of profit of PT Amman Mineral Internasional Tbk (AMMN) and low realisation price of oil and gas.