MYOR – Optimistic on economic recovery

MYOR – Optimistic on economic recovery Mayora Indah (MYOR) projects sales to reach IDR34.28 tn (+8.9% yoy) and net profit to reach IDR3.47 tn (+7.2% yoy) this year. As of 4M24, MYOR has posted sales of IDR10.83 tn (+5.8% yoy) and net profit of IDR1.2 tn (+49.4% yoy). A number of indicators on Indonesia economy also lead to improvement, which gives MYOR optimism to be able to achieve the target. Positive catalysts are also found at the moment of the regional elections in 2H24 and long holidays in May and June which have the potential to increase sales. (Source: Bisnis Indonesia)