PT Kawasan Industri Jababeka (KIJA) Q2 2024 earnings summary

Executive summary

• Revenue for the six months ended June 30, 2024 reached Rp 2.38 trillion, up from Rp 1.75 trillion year-over-year.

• Net profit attributable to owners was Rp 49.8 billion, down from Rp 205.0 billion in the same period last year.

• Gross profit increased to Rp 1.01 trillion from Rp 782 billion year-over-year.

• Total assets grew to Rp 13.44 trillion as of June 30, 2024, compared to Rp 12.95 trillion at year-end 2023.

• Gearing ratio improved to 47.81% from 52.23% at year-end 2023.

Financial highlights

• Revenue rose 35% year-over-year, driven by real estate and power plant segments.

• Net profit for the period was Rp 269.8 billion, down from Rp 381.5 billion year-over-year.

• Basic earnings per share dropped to Rp 2.43 from Rp 9.98 year-over-year.

• Gross margin was 42.4%, up from 44.6% in the prior year.

• Total equity increased to Rp 7.04 trillion from Rp 6.93 trillion at year-end 2023.

Outlook and guidance

• Management continues to focus on maintaining a healthy capital structure and prudent cash management.

• The company aims to support business growth and maximize shareholder value through strategic capital allocation.