JAKARTA - PT Sarana Mitra Luas Tbk (SMIL) recorded a revenue of IDR 97.49 billion in the first quarter of 2024, an increase of 55.30% from the same period in 2023, which was IDR 62.77 billion. This revenue growth has driven the company's profit performance.

Winston Suhermin, Director of SMIL, stated that the revenue contribution from the engine segment was IDR 55.8 billion and from the electric segment was IDR 41.7 billion. "The financial balance grows steadily every year," he said, in Jakarta.

Gross profit was recorded at IDR 40.69 billion, up from IDR 22.78 billion. Meanwhile, operating profit increased to IDR 28.96 billion from IDR 11.55 billion. Profit for the period rose to IDR 26.90 billion from IDR 8.94 billion.

Total assets amounted to IDR 875.99 billion, slightly down from IDR 877.06 billion, and total liabilities were IDR 162.06 billion, down from IDR 190.04 billion. Total equity was IDR 713.93 billion, up from IDR 687.01 billion. ( LK / W )