LSIP – Net profit increased by 93% yoy to IDR1.5 tn in FY24

LSIP – Net profit increased by 93% yoy to IDR1.5 tn in FY24 London Sumatera (LSIP) posted a net profit of IDR1.47 tn in FY24, up 93% from IDR761.99 bn the previous year. Revenue grew to IDR4.56 tn from IDR4.18 tn, while COGS fell to IDR2.57 tn from IDR3.03 tn, lifting gross profit by 73% to IDR1.99 tn. Other operating income rose to IDR142.22 bn from IDR100.86 bn, while other operating expenses more than doubled to IDR437.61 bn from IDR213.56 bn. Operating profit surged to IDR1.55 tn from IDR759.42 bn, driving profit before tax to IDR1.77 tn from IDR911.42 bn. (Source : Emiten News)