PT. Gajah Tunggal Tbk (GJTL) H2 2023 earnings summary

Executive summary

• Net sales were Rp16,970,663 million in 2023; net profit was Rp1,167,268 million after a Rp190,572 million net loss in 2022.

• Total assets were Rp18,975,738 million, while total liabilities fell to Rp10,623,835 million and equity rose to Rp8,351,903 million.

Financial highlights

• Net sales decreased to Rp16,970,663 million from Rp17,170,492 million in 2022.

• Gross profit increased to Rp3,732,543 million from Rp2,352,004 million; cost of sales declined to Rp13,238,120 million from Rp14,818,488 million.

• Profit before tax was Rp1,535,737 million, versus a loss before tax of Rp188,290 million in 2022; net profit was Rp1,167,268 million versus a net loss of Rp190,572 million.

• Finance cost was Rp674,419 million, compared with Rp628,933 million in 2022; selling expenses were Rp987,420 million and G&A expenses were Rp677,829 million.

• Total comprehensive income reached Rp1,100,943 million, compared with Rp79,498 million in 2022.

Key financial ratios and metrics

• Earnings per share was Rp339 in 2023, compared with a loss per share of Rp52 in 2022.

• Net profit attributable to owners was Rp1,181,200 million; non-controlling interests recorded a net loss of Rp13,932 million.