JAKARTA. PT Mark Dynamics Tbk (MARK), a glove cast and sanitation product manufacturer, recorded net profit of IDR 72.73 billion in Q1 2024.

This net profit was 136.8% year-on-year (yoy) higher than the profit in the same quarter last year, which was only stuck at IDR 30.5 billion.

According to the recently released financial report, MARK’s net profit in Q1 2024 was supported by quite solid of sales figure. It managed to book sales of IDR 211.99 billion, growing 63% yoy.

Glove cast remained as the most extensive contributor towards MARK’s total sales in Q1 2024, in which this segment generated IDR 186.59 billion. Meanwhile, household and farming tools both brought in IDR 4.57 billion and IDR 20.83 billion to total sales.

Meanwhile, according to the market scope, IDR 180.12 billion of MARK’s sales came from export sales. Domestic sales, on the other hand, only brought in IDR 31.86 billion.

Until March 31, 2024, MARK’s total assets were at IDR 1.04 trillion, with cash and cash equivalent of IDR 126.05 billion, while total equity clocked up to IDR 912.34 billion. (KR/ZH)