JAKARTA – Despite a slight decline in revenue, PT Austindo Nusantara Jaya Tbk (ANJT) posted a significant increase in profit, soaring by 87.15% to USD 9.64 million in 2024, up from USD 5.15 million in 2023.

According to the 2024 Financial Report published on Friday (14/3), Naga Waskita, Director of ANJT, reported that the company recorded revenue of USD 236.81 million, a slight drop of 0.3% from USD 237.56 million.

The primary contributor to revenue was the Sales segment, with USD 236.39 million, a marginal decrease from USD 236.99 million, followed by the Service Concession segment with USD 419,058, down from USD 576,249.

Thanks to a reduction in the cost of revenue, the company achieved a 34.5% increase in gross profit, reaching USD 47.27 million from USD 35.14 million.

Operating profit rose by 39.2% to USD 30.14 million from USD 21.64 million, while profit before tax increased by 68.3% to USD 20.35 million from USD 12.09 million.

ANJT’s EBITDA margin (earnings before interest, taxes, depreciation, and amortisation) also grew to 25% from 20.7%. (LK/ZH)