• DOID booked IDR 211.43B net loss in 9M24
Delta Dunia Makmur (DOID) reported a net loss of USD 13.96M in 9M24 (IDR 211.43B, assuming
an exchange rate of IDR 15,144 per 1 USD), reversing a USD 21.66M profit in the same period
last year. Revenue declined slightly by 1.05% yoy to USD 1.34B. However, the cost of goods
sold rose 2.54% to USD 1.21B. The expenses mostly came from repair and maintenance
services accounts reaching USD 308.69M, employee expenses USD 280.13M, depreciation and
fuel respectively USD 191.02M and USD 178.06M. After deducting the cost of revenue, DOID
posted a gross profit of USD 130.87M (-27.96% yoy). (Bisnis Indonesia)
• KPIG sold an IDR 5.5T land assets at MNC Bali Resort
MNC Land (KPIG) has reached an agreement with Bumi Indah Prima (BIP) to carry out sale
and purchase transactions for MNC Bali Resort land assets located in Tanah Lot, Tabanan,
Bali. The asset sale and purchase transaction value reaches IDR 5.5T and is targeted to be
completed on 5 Jan 25. The land assets owned by KPIG are planned to be used for transitoriented
development (TOD) in the Bali Urban Rail and Associated Development (Bali
Subway) projects. Fully supported by the Bali Provincial Government, the Bali Subway project
will be implemented in four development stages which will connect I Gusti Ngurah Rai
Airport with various main tourist destinations in Bali. (Kontan)
• ULTJ realized IDR 351B capex to build a factory and warehouse
Ultrajaya Milk Industry & Trading Company (ULTJ) disbursed IDR 351B capex in 3Q24, up from
last year, which reached IDR 303B. The capital expenditure was mainly aimed at
development projects for the DC (Distribution Center) and factory in MM2100, as well as
increasing the efficiency of the main factory. With a total land area of 20 ha, the development
plan includes a building covering an area of 51,000 sqm which will be used as the company’s
DC and production facilities. In addition, the company provides 15 shelf levels for finished
production and 14 shelf levels for raw materials. The existing system ensures that there is no
manual touch from the operator so it is claimed to be safe and efficient. At this location, the
company is also building a factory with progress that has reached the stage of installing a
new production line. (Bisnis Indonesia)
