JAKARTA - PT Metrodata Electronics Tbk (MTDL) posted growth in revenue and profit performance in the first nine months of this year. Hardware sales remain the main contributor to this issuer's revenue.

Financial Report for the Third Quarter 2024 quoted on Thursday (31/10), Susanto Djaja, President Director of MTDL said that net income rose 14.12% to IDR 17.24 trillion from revenue for the same period in 2023 of IDR 15.11 trillion.

Hardware sales contributed IDR 12.62 trillion or 73.18% of the total gross revenue of IDR 17.67 trillion, followed by Software IDR 3.64 trillion, Services and Maintenance IDR 1.38 trillion, and Others IDR 7.46 billion.

In terms of operating segments, the Distribution Division contributed IDR 13.50 trillion in revenue, up from IDR 11.45 trillion and the Solutions Division IDR 4.22 trillion, up from IDR 4.40 trillion.

In the third quarter of 2023, revenue from Hardware was IDR 11.08 trillion, Software IDR 3.14 trillion, Services and Maintenance IDR 1.06 trillion, and Others IDR 44.32 billion.

This Index52 constituent issuer posted a gross profit of IDR 1.35 trillion, up from IDR 1.23 trillion. Gross profit margin was 7.86%, down from gross profit margin in the previous period of 8.16%. Meanwhile, net profit rose 13.34% to IDR 3455.41 billion from IDR 401.80 billion. (LK/LM)