PT. Gajah Tunggal Tbk (GJTL) H1 2024 earnings summary

Executive summary

• Net sales for the six months ended June 30, 2024 reached Rp 8,548,384 million, up from Rp 8,115,676 million year-over-year.

• Net profit for the period was Rp 577,151 million, a significant increase from Rp 352,880 million in the same period last year.

• Total comprehensive income for the period was Rp 663,157 million, compared to Rp 252,064 million year-over-year.

Financial highlights

• Gross profit rose to Rp 1,916,633 million from Rp 1,516,916 million year-over-year.

• Basic earnings per share increased to Rp 165.6 from Rp 103.1 year-over-year.

• Total assets as of June 30, 2024 were Rp 19,550,279 million, up from Rp 18,975,738 million at December 31, 2023.

• Total equity increased to Rp 8,840,840 million from Rp 8,351,903 million at year-end 2023.

Key financial ratios and metrics

• Gross margin improved year-over-year, with gross profit up 26% on a 5% increase in net sales.

• Net profit margin for the six months ended June 30, 2024 was approximately 6.8%.