JAKARTA. PT Solusi Kemasan Digital Tbk (PACK), a plastic packaging manufacturer for the snack food to cosmetic industry with the FlexyPack brand, posted a net profit of IDR1.29 billion in the first semester (1H) of 2024.

This figure grew 11.2% year-on-year (yoy) or from the same semester last year. In 1H 2023, PACK only posted a net profit of IDR1.16 billion.

According to the recently released financial report, PACK's net profit growth in 1H 2024 was inseparable from sales performance which reached IDR 29.55 billion. The company's sales in this period increased 14.18% yoy or from IDR 25.88 billion in 1H 2023.

All of PACK's sales in 1H 2024 came from plastic packaging products only.

According to idnfinancials.com data, PACK was listed on the Indonesia Stock Exchange (IDX) on February 8, 2024. In the Initial Public Offering (IPO) held, the company raised fresh funds of IDR 49.89 billion for 308 million shares offered. (KR/LM)