JAKARTA – PT Duta Intidaya Tbk (DAYA) reported a net profit of IDR 45.67 billion in 2024, marking a 382% year-on-year (yoy) increase from a loss of IDR 16.18 billion in the previous year.

This profit surge was driven by a 33.76% yoy rise in net revenue, which reached IDR 2.06 trillion, up from IDR 1.55 trillion in the prior year. Although the cost of revenue also increased to IDR 1.37 trillion, gross profit rose to IDR 684.8 billion, up from IDR 517.4 billion in 2023.

Despite a 16% yoy increase in general expenses, from IDR 513.12 billion to IDR 594.71 billion, DAYA's profit before income tax soared to IDR 66.77 billion, compared to IDR 7.64 billion the previous year.

With the jump in net profit, the company, which owns the Watsons health and beauty care network, saw earnings per share rise to IDR 18.87, from a previous negative IDR 6.69.

In terms of financial position, DAYA's total assets also surged to IDR 975.1 billion, compared to IDR 689.74 billion at the end of 2023. (EF/ZH)