• AMRT’s net profit increased 9% yoy in 9M24
Sumber Alfaria Trijaya (AMRT) reported a 9.13% yoy increase in net profit to IDR 2.39T in 9M24,
alongside a 10.23% rise in revenue to IDR 88.21T. Gross profit improved by 10.59% yoy to IDR
18.86T, though operating profit saw a modest increase of 7.63% yoy to IDR 3.10T. Total assets
grew 6.98% ytd to IDR 36.63T, with equity reaching IDR 16.78T. This growth reflects strong
operational performance amidst rising costs and income tax expenses. (Emitennews)
• INDF’s net profit grew 24% yoy in 9M24
Indofood Sukses Makmur (INDF) recorded revenue of IDR 86.94T in 9M24 (+4% yoy), mostly
contributed by the CBP segment of IDR 55.56T (+8% yoy), followed by Bogasari of IDR 22.82T
(-2% yoy), agribusiness of IDR 11.23T (-5% yoy), and distribution of IDR 5.3T (-0.4% yoy). In line,
operating income rose to IDR 16.09T (+13% yoy), with the operating margin improving to 18.5%
compared to 17% in 9M23. Net profit grew to IDR 8.76T (+24% yoy), driven by both
improvement in operations and net gains on forex from financing activities of IDR 1.24T
compared to IDR 402B in 9M23 as Rupiah strengthened. (Company)
• PGAS reported a 33% yoy growth in net profit
Perusahaan Gas Negara (PGAS) reported a 32.69% yoy net profit increase to USD 263.38M for
9M24, driven by effective management of gas sales volumes and reduced financial expenses
post-bond repayment. Total revenue grew 4.67% yoy to USD 2.81B, supported by industrial
and commercial gas customers, contributing USD 1.85B in sales. Operating efficiencies and
robust gas supply have underpinned PGAS’s growth, positioning it favorably within
Indonesia’s energy sector. (Bisnis.com)
• POLY halts factory operations in Karawang
Asia Pacific Fibers (POLY) will temporarily halt its chemical and fiber plant operations in
Karawang from 1 Nov 2024, due to low global demand and a debt restructuring delay since
Currently operating at below 40% capacity, POLY expects a 52% drop in annual sales
revenue. The filament yarn division in Kendal will remain active to fulfill essential orders.
Within 60 days, management will evaluate the business model. POLY is also pursuing new
funding and accelerating debt restructuring talks to stabilize operations. (Emitennews)
• TAPG will distribute IDR 1.5T in interim dividends
Triputra Agro Persada (TAPG) will distribute a maximum interim dividend of IDR 1.50T or IDR
76 per share. The dividend payout ratio is 93% of IDR 1.6T net profit in 9M24. Meanwhile, with
TAPG’s share price at IDR 925, the dividend yield reached 8.2%. The cum dividend date is on
7 Nov 24, while the payment date is on 20 Nov 24. (IDX Channel)