Coal Average Selling Price Increase

PT Pakuwon Jati Tbk. (PWON) recorded a 35.9% YoY fall in net income (IDR 421.6 billion vs IDR 658.4 billion) for 1Q24. However, this decline is caused due to macro factors and is of little
concern, since the company itself has shown stable YoY growth. Revenue rose by 10.5% YoY (IDR 1,530 billion vs IDR 1,384 billion), gross profit increased by 14% (IDR 851.5 billion vs IDR747.1 billion), while EBITDA climbed by 8% YoY. There is also a slight improvement in gross profit margin from 54% to 55.6%

Asset Growth

PT Pakuwon Jati Tbk. (PWON) recorded a 35.9% YoY fall in net income (IDR 421.6 billion vs IDR 658.4 billion) for 1Q24. However, this decline is caused due to macro factors and is of little
concern, since the company itself has shown stable YoY growth.

Download full report HERE.