Earnings up 51.83%, look at ELIT shares

JAKARTA - PT Data Sinergitama Jaya Tbk (ELIT) net profit jumped 51.83% to IDR 25.87 billion in 2024 from IDR 17.04 billion in 2023. Profit growth is in line with the increase in revenue from the previous year.
Quoted in the 2024 Financial Report published on Tuesday (4/3), Kresna Adiprawira, President Director of ELIT said that the company scored revenue in 2024 of IDR 478.31 billion, up 49.66% from IDR 319.58 billion in 2023. The largest contributor to revenue from the Managed Service Segment was IDR 423.13 billion, up 52.84% from IDR 276.84 billion, Products IDR 25.52 billion, down 6.53% from IDR 27.31 billion, and Others IDR 29.65 billion, up 92.26% from IDR 15.42 billion.
The issuer posted a gross profit margin of 24.13%, up from the gross profit margin in 2023 at 22.95%. Profit before income tax was Rp34.83 billion, up from IDR 22.19 billion.
Meanwhile, the company's share price fell 17.36% or IDR 42 to IDR 200 at 14:00 WIB. Yesterday (3/3), the company's shares closed IDR 12 higher to IDR 242 per share. The volume of shares was 92.03 million in 12,193 times worth IDR 22.34 billion. In this week, its share price fell 11.56% or IDR 26 and in a month it recorded an increase of 51.88% or IDR 69 per share. (LK/LM)