JAKARTA. PT Mutuagung Lestari Tbk (MUTU), a testing, inspection, and certification company, managed to book revenue of IDR 202.11 billion throughout January-September (9M) 2023.

The company’s revenue in 9M 2023 reportedly grew 23.9% year-on-year (yoy).

Most of MUTU’s revenue until September 2023 came from product certification service, generating IDR 79.65 billion. Meanwhile, laboratory testing services contributed IDR 75.78 billion, while surveyor and technical inspection brought in IDR 46.68 billion.

With this amount of revenue, MUTU managed to collect net profit of IDR 28.12 billion in 9M 2023. It grew 56.3% yoy.

As of September 2023, MUTU’s total assets were recorded at IDR 269.22 billion, with cash and cash equivalent of IDR 60.09 billion and total equity of IDR 199.36 billion.

According to IDNFinancials data, MUTU’s stock has been listed on Indonesia Stock Exchange (IDX) since August 9, 2023. In its initial public offering (IPO), the company rounded up IDR 101.83 billion of fresh funds. (KR/ZH)