PT Trimegah Bangun Persada recorded IDR 7.5 trillion in revenue and IDR 2 trillion in net income for 3Q24, representing an 11.9% and 12.6% QoQ increase respectively. This is the highest quarterly net income the company has achieved since their IPO. For the period 9M24, revenue totals to IDR 20.4 trillion (+17.8% YoY) and net income equals to IDR 4.8 trillion (+8.4% YoY). This strong quarter can be attributed to higher than expected production & sales volumes and a 3% QoQ increase in Nickel Pig Iron (NPI) market price.
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