JAKARTA – PT Triputra Agro Persada Tbk (TAPG) posted a 94.02% surge in profit throughout 2024 compared to 2023. This growth in profit aligns with the increase in revenue from contracts with customers.

According to the 2024 Financial Report published on Thursday (27/2), Tjandra Karya Hermanto, President Director of TAPG, reported that the company’s revenue rose 16.16% year-on-year (yoy) to IDR 9.67 trillion, up from IDR 8.32 trillion in 2023.

In 2024, revenue from Palm Oil and its derivative products contributed IDR 9.64 trillion, an increase from IDR 8.30 trillion. Meanwhile, Rubber Products and its derivatives contributed IDR 30.68 billion in revenue, up from IDR 23.29 billion.

Gross profit stood at IDR 3.72 trillion at the end of 2024, growing 67.88% yoy from IDR 2.21 trillion in 2023. Operating profit skyrocketed 121.86% yoy to IDR 3.04 trillion from IDR 1.37 trillion, while net profit reached IDR 3.12 trillion, up from IDR 1.60 trillion in 2023. (LK/ZH)