Pakuwon Jati Tbk. (PWON) reported a massive 22.7% YoY increase in recurring revenue (IDR 3.42 trillion vs IDR 2.79 trillion) in 9M23. This is driven by a 20.1% rise in retail leasing revenue and a 38.1% increase in hotel & service apartment revenue.
Astra International (ASII) proved their resilience despite uncertain global economic conditions, posting a 9% YoY increase in revenue (IDR 240.9 trillion vs IDR 221.4 trillion) in 9M23.
In 9M23, ADRO experienced a 13.2% YoY fall in revenue (IDR 75.3 trillion vs IDR 86.7 trillion) and a 34% decrease in net income (IDR 18.4 trillion vs IDR 27.9 trillion). Gross Profit Margin
also fell from 56.9% to 39.9% while Net Profit Margin slipped to 24.5% from 32.2%.
ITMG reported a steep decline in both top and bottom line in 3Q23 as revenues fell 55% YoY (IDR 8.03 trillion vs IDR 17.84 trillion) while net profit fell 77% YoY (IDR 1.51 trillion vs IDR 6.47 trillion).
T Trimegah Bangun Persada Tbk. (NCKL) posted a very strong 88.7% YoY increase in revenues for 1H23 ( IDR 10.24 trillion vs IDR 5.43 trillion) despite falling global nickel prices.
