JAKARTA. PT Bakrie & Brothers Tbk (BBNR), a multi-sector holding company under Bakrie Group, booked net profit of IDR 636.27 billion within the first nine months (9M) of 2024.

The net profit increased over fourfold compared to BNBR’s net profit in 9M 2023, which only reached IDR 123.13 billion.

However, looking at it from the top-line, BNBR’s net revenue in 9M 2024 actually dropped 11.7% year-on-year (yoy) to IDR 2.72 trillion from the same period last year, in which BNBR’s net revenue arrived at IDR 3.07 trillion.

However, other income in 9M 2024 reportedly reached IDR 463.05 billion, which is much higher than the number reported in the same period last year, at minus IDR 35.92 billion.

According to IDNFinancials data, BNBR’s stock price went up 2 points or 4.17% to IDR 50 per share until 11.25 AM WIB. Meanwhile, within the past 5 days, the stock price has shifted 9 points or 21.95%. (KR/ZH)