JAKARTA - The net profit of PT Multipolar Tbk (MLPL) fell by 7.47% to IDR 159.19 billion in 2024, compared to IDR 172.04 billion in the previous year.

Adrian Suherman, the President Director of MLPL, stated that the company's net profit in 2024 was supported by sales reaching IDR 11.40 trillion, a 4% increase from IDR 10.96 trillion in the previous year.

The largest contributors to sales came from the Retail and Distribution segment, which grew by 2.60% to IDR 7.11 trillion, the Information Technology segment, which rose by 13.58% to IDR 3.68 trillion, and the Administration and Others segment, which decreased by 22.83% to IDR 600.81 billion.

Meanwhile, the cost of goods sold and services for MLPL increased by 6.2% to IDR 9.42 trillion in 2024. This increase led to the company’s gross profit margin decreasing to 17.32%, from 19.04% in the previous year. (LK)