JAKARTA – PT AKR Corporindo Tbk (AKRA), a logistics, energy supply chain, and basic chemicals company, recorded a net profit of IDR 2.23 trillion, a 19.97% decline year-on-year (yoy) throughout 2024, down from IDR 2.78 trillion. This decrease caused earnings per share to drop from IDR 140.87 to IDR 112.73 per share.

The sluggish net profit was in line with a 7.98% drop in revenue to IDR 38.73 trillion. Most of AKRA's revenue was still dominated by the trading and distribution segment, contributing IDR 35.53 trillion.

The revenue decline also triggered a decrease in gross profit from IDR 4.47 trillion to IDR 3.50 trillion, as well as a drop in profit before income tax from IDR 3.66 trillion to IDR 2.81 trillion.

Additionally, EBITDA saw a 23.05% decline to IDR 3.12 trillion. However, the company's total equity rose to IDR 14.62 trillion at the end of December 2024, pushing AKRA's total assets up by 9.28% to IDR 33.11 trillion, with cash or cash equivalents amounting to IDR 5.37 trillion. (EF/ZH)