MYOR - Records IDR14.38 tn in sales in Asia

MYOR - Records IDR14.38 tn in sales in Asia Mayora Indah Tbk (MYOR) recorded a 20.34% yoy increase in net sales to IDR36.07 tn in 2024, supported by strong performance in packaged food (IDR21.86 tn) and beverages (IDR18.62 tn). Sales in Indonesia grew 16.55% yoy to IDR20.71 tn, while Asian markets contributed IDR14.38 tn, up 10.20% yoy. MYOR’s exports also increased to IDR15.36 tn. Despite economic challenges, MYOR remains optimistic about achieving double-digit growth in 2025. Ahead of Ramadan, the company plans to ramp up production and enhance market visibility through special packaging and increased product availability. Note that, MYOR recorded sales of IDR25.64 tn (+11.99% yoy) and net profit of IDR2.06 tn (-0.52% yoy) in 9M24. (Source : Bisnis Indonesia)