Cumulatively, 9M24 has grown 4.07% YoY to IDR 19.92 tn. And Gross Profit increased at a faster pace with 9.2% YoY to IDR 7.6 tn because COGS was more stable at 1.14% YoY to IDR 12.32 tn. COGS had a growth rate of 8.6% YoY due to raw material used had a lower value from cheaper agricultural commodity prices. However, 9M24 Net Profit was slashed 37.06% YoY to IDR 2.72 tn caused by 9M24 Finance Income plunging 89.22% YoY to IDR 211.3 bn and Finance expense trampolined 267.3% YoY to IDR 1.70 tn. Both are due to the FX exchange net losses from financing activities.
Download full report HERE.
