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Indoritel saw 133.38% profit surge in Q3 2022

07 December 2022 10:28

JAKARTA – The net profit of PT Indoritel Makmur Internasional Tbk (DNET) had proliferated 133.38% in the third quarter of 2022. This achievement was made possible by growth in revenue and profit of its associates and joint ventures.

Based on the financial report quoted today (7/12), the revenue arrived at IDR 755.81 billion. It was 41.90% higher than IDR 532.63 billion seen in the same period last year. The primary contributor of the revenue was the third-party corporate services that brought in IDR 332.57 billion. Then, retail sales followed with IDR 228.66 billion, while others turned in IDR 76.92 billion, and the related parties generated IDR 7.65 billion.

The profit from its associates and joint ventures reportedly reached IDR 750.27 billion, multiplying significantly from IDR 282.51 billion. For the record, DNET’s associated companies include PT Indomarco Primastama, PT Nippon Indosari Corporindo Tbk (ROTI), PT Fast Food Indonesia Tbk (FAST), and PT Jaringan Mega Sedayu.

The operating profit was also seen shifting 123.21% year-on-year (yoy) from IDR 447.88 billion to IDR 999.74 billion, while the current year’s profit was doubled from IDR 422.63 billion to IDR 986.38 billion (yoy). (LK/ZH)

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