ACES — Net profit grew 20.94% yoy in 1H24

ACES — Net profit grew 20.94% yoy in 1H24 Aspirasi Hidup Indonesia (ACES) reported strong performance in 1H24, with net profit and sales rose to IDR365.76 bn (+20.94% yoy) and IDR4.13 tn (+13.77% yoy), respectively. Home improvement products dominated sales at IDR2.11 tn, followed by lifestyle products at IDR1.78 tn, toys at IDR156.74 bn, and consignment sales at IDR75.37 bn. Despite an increase in COGS to IDR2.12 tn (+13.36% yoy), ACES' gross profit rose 14.28% to IDR2.00 tn. (Source : Kontan)