Cumulatively, 9M24 Revenue increased 12% YoY to IDR 209.57 bn, while 9M24 Operating Profit increased to 16% YoY to IDR 48.76 bn due to a higher operational efficiency of 23.3% from 22.5% in 2Q24. Nine-month Net Profit also rose 10.4% YoY to IDR 37.7 bn despite a slight slip in NPM to 17.99% from 18.25% in 9M24. On a quarterly basis, 3Q24 revenue grew 25% YoY to IDR 86.19 bn, and 3Q24 Gross Profit increased 30.1% QoQ to IDR 39.5 bn. 3Q24 Net Profit recovered from the lull of this year’s second quarterly decline (-9.9% QoQ) with a 19.3% growth to IDR 16.63 bn.
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