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.
Ciputra Development (CTRA) reported over IDR 3.32 trillion in marketing sales for 1Q24.
PT Indo Tambangraya Megah (ITMG) recorded a 35% YoY decline in revenue (IDR 36.1 trillion vs IDR 54.3 trillion) for FY23 due to a steep 41% YoY fall in ASP (USD 113/ton vs USD 192/ton).
PT Harum Energy Tbk. (HRUM) reported an overall decline in performance in 9M23 as revenue fell by 5.9% YoY (IDR 9,713 billion vs IDR 10,322 billion). This fall in sales was caused by a decline in average selling price (ASP) by 33.2% YoY (USD120.1/ton vs USD179.9/ton ), in line with global coal prices.
PT Trimegah Bangun Persada Tbk. (NCKL) reported strong performances across the board for 9M23. Revenue increased by 135% YoY (IDR 17.3 trillion vs IDR 7.4 trillion) while net profit rose by 30% (IDR 5.7 trillion vs IDR 3.5 trillion) on the back of an explosion in production.
In 9M23, PT Aneka Tambang Tbk. (ANTM) reported a slight 1.9% YoY increase in gross profit (IDR 6.1 trillion vs IDR 5.99 trillion) and an 8.5% increase in net profit (IDR2.85 trillion vs IDR 2.62 trillion).
Ciputra Development Tbk. (CTRA) reported a 8.8% YoY revenue decline in 9M23.
Vale Indonesia Tbk. (INCO) reported a 10.9% YoY increase in revenue (IDR 14.2 trillion vs IDR 12.8 trillion) in 9M23 despite a 6% YoY decline in average selling price from USD19,703 per ton to USD18,596 per ton.
United Tractors (UNTR) posted a slight 7% YoY increase in net revenue (IDR 97.6 trillion vs IDR 91.5 trillion) for the 9M23 period, with gross profit also rising by 2% YoY (IDR 25.7 trillion vs IDR 25.3 trillion).
