MYOR — Net profit grew 40.93% yoy despite deflation trend

MYOR — Net profit grew 40.93% yoy despite deflation trend Mayora Indah (MYOR) reported resilient sales performance, unaffected by Indonesia’s ongoing five-month deflation trend. MYOR’s domestic sales recorded double-digit growth in 1H24, contributing to a 9.48% yoy rise in net sales to IDR16.22 tn. Domestic sales reached IDR9.65 tn, while exports added IDR6.57 tn. Despite rising costs, net profit increased 40.93% yoy to IDR1.71 tn. Furthermore, MYOR is expected to continue strong sales driven by seasonal factors and product innovations. (Source : Bisnis Indonesia)