JAKARTA – PT Lautan Luas Tbk (LTLS) posted a net profit increase of 36.92% year-on-year (yoy) to IDR 220.36 billion, up from IDR 160.94 billion in 2023.

This growth is in line with the company’s revenue, which reached IDR 7.72 trillion in 2024, a 5.6% yoy increase compared to the previous year’s revenue of IDR 7.31 trillion.

Eurike Hadijaya, LTLS’s Investor Relations & Corporate Communication Manager, revealed that the growth was driven by product diversification, domestic market expansion, and supply chain efficiency.

“Our business strategy, focused on enhancing competitiveness and innovation, has yielded positive financial results in 2024,” said Eurike in an official statement on Saturday (8/3).

As part of its long-term strategy, LTLS is also committed to running a sustainable business, including reducing carbon emissions and improving energy efficiency. (DK/ZH)