JAKARTA. PT Atlantis Subsea Indonesia Tbk (ATLA), an oil and gas company debuted on Indonesia Stock Exchange (IDX) in April 2024, booked net profit of IDR 3.79 billion.

Said number is 102% higher compared to ATLA’s net profit in 9M 2023, which arrived at only IDR 1.87 billion.

According to the recently released financial report, ATLA’s net profit in 9M 2024 was supported by its revenue, which also increased to IDR 58.25 billion. Its revenue went up 89% year-on-year (yoy) from IDR 30.75 billion recorded in 9M 2023.

Based on IDNFinancials data, ATLA debuted on IDX on April 16, 2024. The company issued 1.2 billion shares in its initial public offering (IPO), thus raising IDR 120 billion of fresh funds in total.

Until September 30, 2024, ATLA reported total equity of IDR 167.9 billion, while total assets clocked up to IDR 180.14 billion. (KR/ZH)