JTPE Books 69% YoY Surge in Net Profit in Third Quarter 2022
By : Nata Kesuma | Monday, November 07 2022 - 11:34 IWST
PT Jasuindo Tiga Perkasa Tbk (JTPE)
INDUSTRY.co.id - Sidoarjo, October 31st, 2022 – PT Jasuindo Tiga Perkasa Tbk (JTPE) a company engaged in providing security printing solutions ranging from payments, identity, brand protection, and commercial printing, recorded a surge in net profit 69% YoY in the third quarter of 2022.
The recorded a profit for the period of IDR58.71 billion compared to IDR34.66 billion in the same period the previous year. From the net profit for the period, the total net profit attributable to owners of the parent entity is IDR47.68 billion, an increase of 38% YoY.
The significant increase in net profit was supported by an increase in sales, and an increase in other income. The Company's sales in the third quarter of this year were at IDR769.93 billion, an increase of 29% from IDR 595.97 billion in the same period the previous year.
Additional revenue was obtained from other income, where JTPE booked other income of IDR6.46 billion, an increase of 102% from IDR3.20 billion in the same period in 2021.
“We hope that this good achievement can continue until the end of the year. Hopefully, along with various expansion efforts that continue to be carried out in the field of digital solutions and security documents, the Company can record better performance.” said the President Director of JTPE, Oei Allan Wibisono.