JAKARTA - PT Pakuwon Jati Tbk (PWON) booked revenue and profit growth of 11.76% and 4.74% year-on-year (yoy) in Q3 2024. Approximately 67.5% of the revenue came from user contracts.

Based on Q3 2024 quoted Tuesday (29/10), Alexander Stefanus Ridwan Suhendra, President Director of PWON, mentioned that the revenue was reported at IDR 4.78 trillion, up from IDR 4.56 trillion in Q3 2023.

The revenue in Q3 2024 was an accumulation from user contracts of IDR 3.22 trillion, as well space lease and service apartments of IDR 1.55 trillion.

For comparison, in Q3 2023, user contracts brought in IDR 3.13 trillion, while space lease and service apartments generated IDR 1.43 trillion.

This superblock developer managed to record gross profit of IDR 2.71 trillion, up from IDR 2.51 trillion, while profit before taxed spiked from IDR 1.71 trillion to IDR 1.96 trillion. This brought PWON’s gross profit up slightly to 56.78% from 54.96%.

PWON also reported net profit increasing to IDR 1.66 trillion from IDR 1.48 trillion.

Its total assets were seen growing to IDR 34.51 trillion from IDR 32.71 trillion, with total liabilities of IDR 24.98 trillion, also swelling from IDR 22.79 trillion. (LK/ZH)