JAKARTA. PT VKTR Teknologi Mobilitas Tbk (VKTR), an electric vehicle trading and manufacturing company under Bakrie Group, only recorded net profit of IDR 10.55 billion within the first nine months (9M) of 2024.

This net profit slipped 45.9% year-on-year (yoy) from VKTR’s net profit in 9M 2023, which reached IDR 19.52 billion.

According to the recently issued financial report, VKTR’s profit decline in 9M 2024 went hand-in-hand with its decreasing sales, arriving at IDR 645.81 billion. The sales were 27.5% yoy lower from 9M 2023’s number at IDR 890.99 billion.

Trading business line contributed IDR 43.88 billion to total sales in 9M 2024. Meanwhile, manufacturing line brought in IDR 641.65 billion.

Until September 30, 2024, VKTR’s total assets were recorded at IDR 1.74 trillion, with cash and cash equivalent of IDR 363.5 billion. Meanwhile, its total equity was at IDR 1.63 trillion. (KR/ZH)