PT Dian Swastatika Sentosa (DSSA) Q1 2024 earnings summary

Executive summary

• Interim consolidated financial statements for the three months ended March 31, 2024, were audited and received an unqualified opinion, confirming fair presentation in accordance with Indonesian Financial Accounting Standards.

• Management asserts responsibility for the accuracy and completeness of the financial statements and internal controls.

Financial highlights

• Revenues for Q1 2024 were $796.8 million, down from $1.78 billion in Q1 2023.

• Net profit for Q1 2024 was $187.7 million, compared to $372.2 million in Q1 2023.

• Gross profit for Q1 2024 was $368.1 million, down from $791.4 million in Q1 2023.

• Total assets as of March 31, 2024, were $3.11 billion, up from $3.06 billion at December 31, 2023.

• Total equity as of March 31, 2024, was $1.88 billion.

• Basic earnings per share for Q1 2024 was $0.17, compared to $0.23 in Q1 2023.

Outlook and guidance

• The company continues to monitor regulatory changes in mining and expects no significant near-term operational impact from new mining laws.

• Management remains focused on maintaining healthy capital ratios and supporting business growth.