JAKARTA - PT Avia Avian Tbk (AVIA), a paint manufacturer, booked net profit of IDR 1.16 trillion in Q3 2024, up from IDR 1.14 trillion seen in the same period in 2023. The profit growth is in line with the year-on-year (yoy) revenue increase.

Based on Financial Report of Q3 2024 quoted Thursday (31/10), AVIA booked revenue of IDR 5.44 trillion, up 4.66% yoy from IDR 5.16 trillion recorded in Q3 2023.

Its gross profit then soared, as well, to IDR 2.40 trillion from IDR 2.28 trillion, bringing the margin profit up to 44.48% from the previous 44.17%.

In Q3 2024, AVIA’s revenue consisted of income from architecture solution segment of IDR 4.24 trillion and sales of traded goods of IDR 1.15 trillion.

For comparison, in the same period last year, architecture solution brought in revenue of IDR 4.17 trillion, followed by sold goods of IDR 983.97 billion.

In terms of distribution channel, AVIA’s own distributors brought in sales of IDR 4.82 trillion, up from IDR 4.52 trillion, whilst third-party distributors scored IDR 545.70 billion, slipping from IDR 604.94 billion. Lastly, direct sales clocked up to IDR 31.77 billion, also declining from IDR 35.08 billion. (LK/ZH)