JAKARTA - PT Ace Hardware Indonesia Tbk (ACES) saw growth in its profit attributable to the parent entity to IDR 763.5 billion in 2023, up 14.92% year-on-year (yoy) from IDR 664.34 billion in 2022.

In the Financial Report 2023 quoted Monday (1/4), ACES’s profit growth is in line with revenue surge of 12.8% yoy to IDR 7.46 trillion from its revenue in 2022 of IDR 6.61 trillion. The company’s gross profit was recorded at IDR 3.69 trillion, increasing from IDR 3.26 trillion.

All segments of product sales saw positive shifts in revenue, starting from home repairment products that rose to IDR 4 trillion from IDR 3.60 trillion, lifestyle products that grew from IDR 2.74 trillion to IDR 3.14 trillion, and toys that brought in IDR 304.45 billion, increasing from IDR 262.10 billion.

ACES recorded operating profit of IDR 1 trillion, up from IDR 876.09 trillion, followed by growth in profit before taxes to IDR 953.02 billion from IDR 820.83 billion, as well as current year’s net profit that arrived at IDR 763.87 billion, soaring from IDR 673.64 billion. (LK/ZH)