JAKARTA - PT Midi Utama Indonesia Tbk (MIDI)'s revenue grow by 11.06% to Rp 17.35 trillion from Rp 15.62 trillion in the same period in 2022. This increase in revenue drove growth in net profit.

Suantopo Po, Director of MIDI, stated that net profit grew by 29.51% to Rp 516.65 billion fromRp 398.9 billion. " The profit growth in 2023 exceeds the average growth over the past five years. The average annual growth over the last five years was 26.3%. Last year's growth was 29.5%, which is above the average growth of the last five years,"he said.

He also noted that the profit growth was supported by revenue increases over the past five years.
The average annual growth from 2019 to 2023 was approximately 10.53%. In 2023, growth was 11.05%, surpassing the average growth over the last five years.

Throughout 2023, MIDI recorded earnings per share attributable to Rp 16.73, up from Rp 13.84 per share. (LK/W)