JAKARTA – PT Dwiguna Laksana Tbk (DWGL) saw its net profit soar by 657.26% year-on-year (yoy) to IDR 118.41 billion in 2024, up from IDR 15.63 billion in 2023. The company's profit increase is the result of optimised efficiency measures throughout the year.

According to the 2024 Financial Report published on Tuesday (18/2), the company recorded sales of IDR 3.33 trillion, a slight increase from IDR 2.36 trillion in 2023. Gross profit reached IDR 322.74 billion, up 19.74% yoy from IDR 269.52 billion.

Operating profit was recorded at IDR 269.81 billion, rising 29.15% yoy from IDR 208.90 billion. The increase in operating profit was driven by a reduction in expenses, particularly general and administrative expenses, which fell to IDR 51.91 billion from IDR 59.58 billion.

Meanwhile, profit before income tax surged 537.43% yoy to IDR 149.85 billion from IDR 23.50 billion. This significant increase was attributed to a decline in interest and other financial expenses, as well as other charges.

This positive performance has had an impact on DWGL's share price. As of 3.43 PM WIB, the company's share price rose by 7.33%, or IDR 11, reaching IDR 161 from IDR 150 at the start of the session. (LK/ZH)