JAKARTA - PT Aspirasi Hidup Indonesia Tbk (ACES), a new constituent of Indeks Tempo-IDNFinancials 52, booked net profit of IDR 365.76 billion in the first half of 2024, up 21% year-on-year (yoy) from IDR 302.43 billion seen in H1 2023.

This profit growth is, in fact, in line with 13.72% yoy revenue increase in the same period. As quoted from Financial Report of H1 2024 today (2/8), its net sales were reported at IDR 4.13 trillion, up from IDR 3.56 trillion.

Home repair products generated IDR 2.11 trillion worth of sales, up from IDR 1.92 trillion, while lifestyle products brought in IDR 1.78 trillion, up from IDR 1.48 trillion, followed by toys’ sales that also increased to IDR 256.74 billion from IDR 154.30 billion.

ACES’s gross profit reportedly went up 14.16% yoy to IDR 2 trillion from IDR 1.75 trillion, steadying its gross profit margin at 48.54% compared to 48.36% seen in H1 2023. Lastly, its operating profit also shifted positively from IDR 287.26 billion to IDR 473.91 billion. (LK/ZH)