JAKARTA - PT Intra Golflink Resorts Tbk (GOLF), owned by the son of Tommy Soeharto, recorded a net profit of IDR 67.57 billion in 2024, up 12% year-on-year (YoY) from IDR 60.17 billion in 2023.

Additionally, GOLF also reported a profit from the sale of fixed assets amounting to IDR 216.21 million, a significant turnaround from the previous year when there was no income from the sale of fixed assets.

According to GOLF’s financial report on Saturday (29/3), the company’s net revenue in 2024 was recorded at IDR 197.99 billion, an increase of 11.49% from IDR 177.58 billion in 2023.

Despite the revenue growth, the cost of goods sold also surged, reaching IDR 78.27 billion. As a result, the company’s gross profit was recorded at IDR 119.72 billion, up from IDR 112.44 billion in 2023.

In terms of selling expenses, GOLF recorded IDR 5.39 billion, a sharp increase of 324% from IDR 1.27 billion in 2023. Additionally, the company’s general and administrative expenses also rose to IDR 41.85 billion from IDR 39.71 billion in 2023. (DK/LM)