PT Island Concepts Indonesia Tbk. (ICON) recorded a 24% decrease in its net profit to Rp64.61 billion in the first semester of 2020 as compared to the same period last year. ICON has adopted a wait-and-see policy to launch new projects. One of the projects to be completed this year includes the Beach Club in Jimbaran, Bali with approximately Rp50 billion in investment.