JAKARTA - PT Kawasan Industri Jababeka Tbk (KIJA) scored fantastic profit growth throughout 2023, supported by decreased loss on foreign exchange, reclassification of foreign currency translation, as well as its derivative instruments.

In the press release quoted Thursday (28/3), Muljadi Suganda, Corporate Secretary of KIJA, said that the company's revenue grew 20% yoy to IDR 3.29 trillion from IDR 2.72 trillion in 2022.

The contribution from land development and property went up 24% yoy to IDR 1.70 trillion from IDR 1.37 trillion, followed by infrastructure segment that brought in IDR 1.45 trillion, also increasing 17% yoy from IDR 1.24 trillion. Lastly, leisure and hospitality contributed IDR 129.4 billion, up 6% yoy from 2022.

KIJA booked gross profit of IDR 1.53 trillion, going up from 2022 worth IDR 1.40 trillion, while net profit rose from IDR 41 billion to IDR 528.6 billion. (LK/ZH)