JAKARTA – Prajogo Pangestu's listed company, PT Petrindo Jaya Kreasi Tbk (CUAN), achieved outstanding results in 2024, with triple-digit growth in both revenue and profit.

According to the 2024 Financial Report released today, Friday (7/3), net profit attributable to the parent entity's owners reached USD 160.8 million in 2024, soaring 929% year-on-year (yoy) compared to the previous year's USD 15.6 million.

This increase also pushed basic earnings per share (EPS) up from USD 0.001 to USD 0.014.

Along with profit growth, CUAN posted revenue of USD 801.7 million by the end of December 2024, a sharp increase of 719% yoy compared to the prior year.

This performance marks the company's highest record in its history, reflecting rapid growth in its mining, infrastructure, and mining services & EPC business.

CUAN also saw a turnaround in retained earnings, which went from a negative USD 36.7 million at the end of 2023 to a positive USD 124.1 million by the end of 2024.

"Allowing the company to distribute dividends for the 2024 fiscal year to its shareholders," the management added in its official release today (7/3). (DK/ZH)