JAKARTA – The profit of PT Triputra Agro Persada Tbk (TAPG) saw a surge of up to 46.6% year-on-year (yoy) in Q3 2024 compared to the same period in 2023. This profit increase went hand-in-hand with higher revenue and better efficiency, especially in finance expenses.

Based on Q3 2024 report quoted Thursday (24/10), its revenue was recorded at IDR 6.24 trillion, up 3.37% yoy from IDR 6.03 trillion in Q3 2023.

Palm products and its derivatives brought in sales of IDR 6.22 trillion in Q3 2024, while rubber products and its derivatives contributed IDR 22.06 billion. For comparison, in Q3 2023, both products brought in sales of IDR 6.02 trillion and IDR 16.29 billion, respectively.

TAPG then scored gross profit of IDR 2 trillion, up 33.02% yoy from IDR 1.50 trillion, and operating profit of IDR 1.52 trillion, also increasing 67.46% yoy from IDR 913.5 billion.

Meanwhile, profit before taxes in Q3 2024 also skyrocketed 50.93% yoy to IDR 2.02 trillion from IDR 1.34 trillion. This partly resulted from cost efficiency in finance expenses to a deficit of IDR 54.26 billion from IDR 119.96 billion. (LK/ZH)