JAKARTA – The net profit of PT Perusahaan Listrik Negara (Persero) slowed down 3.29% year-on-year (yoy) in Q3 2024, although the revenue grew 12.42% yoy from Q3 2023. In addition, its operating profit margin slipped to 10.98% to IDR 12.73%.

Based on Financial Report of Q3 2024 quoted Monday (28/10), this state-owned enterprise reported revenue of IDR 402.56 trillion, up from IDR 358.07 trillion in Q3 2023.

Then, operating profit slowed down to IDR 44.20 trillion, down from IDR 45.61 trillion, while current year’s operating profit attributed to parent entity slipped to IDR 25.13 trillion from IDR 25.98 trillion.

In Q3 2024, the primary contributor of the revenue was electricity sales of IDR 261.58 trillion, followed by compensation income of IDR 72.62 trillion, electricity subsidy of the government of IDR 58.04 trillion, user connection of IDR 1.26 trillion, and others of IDR 9.04 trillion.

In Q3 2023, electricity sales reached IDR 244.66 trillion, followed by compensation income of IDR 56.34 trillion, electricity subsidy of the government of IDR 49.11 trillion, user connection of IDR 920.62 billion, and others of IDR 7.03 trillion. (LK/ZH)