Company Report | [PWON] Strong Performance Due To Rise in Consumer Spending and Tax Incentives

Coal Average Selling Price Increase

PT Pakuwon Jati (PWON) reported strong numbers across the board in 1H24, with revenue rising by 12.6% YoY ( IDR 3.26 trillion vs IDR 2.89 trillion), EBITDA increasing by 10.3% (IDR
1.79 trillion vs IDR 1.62 trillion), and adjusted net profit improving by 30.7% (IDR 1.35 trillion vs IDR 1.03 trillion). A large factor behind this shining performance is the government’s tax incentive on property purchases, recovering hospitality sector, and increased consumer spending.

Asset Growth

PT Pakuwon Jati (PWON) reported strong numbers across the board in 1H24, with revenue rising by 12.6% YoY ( IDR 3.26 trillion vs IDR 2.89 trillion), EBITDA increasing by 10.3% (IDR
1.79 trillion vs IDR 1.62 trillion), and adjusted net profit improving by 30.7% (IDR 1.35 trillion vs IDR 1.03 trillion).