JAKARTA – PT Selamat Sempurna Tbk (SMSM) recorded a net profit of IDR 1.02 trillion in 2024, increasing by 8.27% year-on-year (yoy), from IDR 946 billion in 2023.

This growth aligns with SMSM’s net sales performance, which increased by 1.11% from IDR 5.1 trillion to IDR 5.16 trillion in 2024.

SMSM’s radiator products saw the fastest sales growth, rising by 21.28% in 2024, followed by filter product sales, which increased by 3.64%, and product distribution, up by 7.3%.

SMSM’s management attributed this growth to the company’s efficiency strategies and adaptability to market changes, amidst various economic challenges.

"Amidst ongoing business dynamics, the company responds and adapts swiftly through refining strategies and enhancing efficiency across all business lines," the management stated in an official release, Wednesday (26/3).

Moving forward to 2025, SMSM remains committed to achieving competitive and profitable growth in the long term.

"The company is committed to continuously improving operational efficiency, optimising the value chain, and strengthening business capabilities to sustain growth," they added. (DK/KR/ZH)