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ethanol sales volume to increase by 171% YoY. Gross profit margin of molasses based ethanol business increased from lower raw material cost, while the gross profit margin for cassava based ethanol declined
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consistently retain its second place in the market. The Power Plant Business realized additional share of profit from its investment in geothermal power plant in Indonesia. As for the Biofuel Business
to the accounting standards as specified by a professional institution approved by relevant government authorities and in accordance with additional regulations specified in the notification of the SEC.
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