JAKARTA – The price of PT Jhonlin Agro Raya Tbk (JARR) managed to score 24% increase from the opening bell to the end of morning session today (9/12) at Indonesia Stock Exchange (IDX). This increase led JARR to the first place of top gainers at the early session in the market.

Monitoring the board at 11.34 AM WIB, JARR arrived at IDR 366 per share, up from IDR 294 per share, its opening position. The shift exceeded PT Tempo Inti Media Tbk’s (TMPO) increase of 23%, from IDR 164 in the morning to IDR 202 nearing the mid-day.

Last Friday (6/12), TMPO was the top gainer, booking 34.43% increase until the end of afternoon session. Net foreign buy clocked up to 113,000 thousand shares, resulting from foreign buy of 243,000 and foreign sell of only 130,000.

In Q3 2024, JARR did report 226.16% year-on-year (yoy) surge in profit to IDR 155.34 billion from IDR 47.62 billion. This resulted from efficiency on its cost of revenue and general and administrative expenses.

Its gross profit also increased 45.28% yoy to IDR 301.31 billion from IDR 164.87 billion, although its revenue slipped 17.5% yoy down to IDR 2.63 trillion from IDR 3.09 trillion. (LK/ZH)