MYOR – A IDR2.01 tn net profit in 9M24

MYOR – A IDR2.01 tn net profit in 9M24 Mayora Indah (MYOR) posted an increase in sales of IDR25.64 tn (+11.99% yoy), but recorded a decrease in net profit of IDR2.01 tn (-0.52% yoy) in 9M24. The decrease in net profit was due to an increase in cost of goods sold worth IDR19.52 tn (+16.33% yoy). MYOR's sales consisted of domestic sales of IDR14.97 tn and export sales of IDR10.67 tn. Moreover, MYOR adjusted the price of food products containing chocolate due to a 3 times increase in the price of cocoa beans this year. It is hoped that the price increase will maintain the margin. (Source : Bisnis Indonesia)