JAKARTA – PT Jaya Real Property Tbk (JRPT) posted a rise in net profit to IDR 1.13 trillion in 2024, up 12.6% from the previous year’s IDR 1 trillion.

According to its 2024 financial report, this achievement was driven by a 17.75% year-on-year (yoy) increase in JRPT’s operating revenue for the year, reaching IDR 2.95 trillion.

The company's main operating revenue was supported by land plot and building unit sales, contributing IDR 2.07 trillion. Additionally, the rental segment generated IDR 361.22 billion in revenue, and environmental management contributed IDR 198.98 billion.

Along with the revenue growth, the company's cost of revenue and direct expenses also rose by 25.96% yoy, reaching IDR 1.31 trillion in 2024, up from IDR 1.04 trillion in 2023.

However, gross profit still managed to rise by 11.89% yoy, totalling IDR 1.64 trillion, although the gross profit margin declined from 58.4% to 55.5%. Ultimately, profit for the year reached IDR 1.15 trillion, an increase of 12.74% yoy.

As of December 31 2024, the company's total assets also increased to IDR 14.1 trillion, with cash and cash equivalents amounting to IDR 797.09 billion. (DH/ZH)