JAKARTA – PT Remala Abadi Tbk (DATA) reported impressive performance throughout 2024 compared to 2023. The company’s net profit surged by 271.09% year-on-year (yoy) this year.

According to the 2024 Financial Report cited on Thursday (6/3), Agus Setiono, President Director of DATA, stated that the company’s net profit rose to IDR 96.58 billion from IDR 26.07 billion in 2023. This profit increase was in line with the revenue growth from the previous year.

In 2024, the company posted revenue of IDR 348.19 billion, up 20.24% yoy from IDR 289.58 billion in 2023. Revenue contributors were recorded from the Telecommunications segment at IDR 334.55 billion, up 25.33% yoy from IDR 266.93 billion, while the Non-Telecommunications segment contributed IDR 13.64 billion, down 39.77% yoy from IDR 22.64 billion.

The gross profit margin stood at 75.69%, up from the 2023 gross profit margin of 54.60%. Meanwhile, operating profit was recorded at IDR 147.55 billion, soaring by 163.4% yoy from IDR 56.05 billion in 2023.

Meanwhile, the stock price of the company fell by 1.06% or IDR 20 to IDR 1,870 at 10:00 WIB. However, yesterday (5/3), DATA’s stock price rose by IDR 170 to IDR 1,890 per share, with a trading volume of 28.03 million in 1,689 transactions valued at IDR 52.40 billion. Over the past week, DATA’s stock also fell by 11.79% or IDR 250. (LK/ZH)