TAPG – Net profit increased by 94.0% yoy in FY24

TAPG – Net profit increased by 94.0% yoy in FY24 Triputra Agro Persada (TAPG) recorded revenue of IDR9.67 tn in 2024, reflecting a 16.16% yoy increase. The majority of revenue came from palm oil and its derivatives, contributing IDR9.64 tn, while rubber products and their derivatives generated IDR30.68 bn. In terms of customers, TAPG’s largest sales came from Sinar Alam Permai at IDR2.46 tn and Kutai Refinery Nusantara at IDR2.25 tn The company’s cost of goods sold declined to IDR5.94 tn from IDR6.10 tn in 2023, driving a 67.89% yoy surge in gross profit to IDR3.72 tn. TAPG’s net profit, or profit attributable to the owners of the parent entity, reached IDR3.12 tn, marking a 94.02% yoy increase. (Source : Kontan)