JAKARTA – PT Mark Dynamics Indonesia Tbk (MARK) reported an 84% increase in net profit in 2024, reaching IDR 287 billion, up from IDR 153 billion in the previous year. This achievement surpassed the management’s target of IDR 250 billion.

According to the latest financial report, MARK’s net profit growth was driven by export sales, which amounted to IDR 756 billion, contributing 93% of total sales. Meanwhile, domestic sales contributed IDR 154 billion.

Malaysia emerged as the primary export destination for MARK, contributing 40% of total export sales, followed by Thailand (25%), China (22%), Vietnam (5%), and several other countries (5%).

Yuriani Trisjoyo, Corporate Secretary of MARK, stated that demand for glove products, especially from the export market, was a significant catalyst for the company’s performance in 2024. The US tariff policy was also seen as benefiting the domestic industry, including MARK.

“The contribution from the export market continues to be the main factor driving MARK’s performance,” Yuriani said in an official statement.

According to data from IDNFinancials.com, MARK produces ceramic glove moulds, used in the manufacturing of nitrile and latex gloves. Additionally, the company also produces toilet bowls made from the residue of the glove mould production process. (DH/KR/ZH)