UCID – Net profit declined by 19.4% yoy in FY24
UCID – Net profit declined by 19.4% yoy in FY24
Uni Charm Indonesia (UCID) reported a net revenue of IDR9.67 tn for the year ending December 31, 2024, down from IDR10.24 tn the previous year. Despite a decrease in cost of revenue to IDR7.70 tn from IDR8.22 tn, gross profit also declined to IDR1.97 tn from IDR2.02 tn. The company's profit before tax fell to IDR461.62 bn from IDR574.21 bn, and profit attributable to owners of the parent entity decreased to IDR350.40 bn from IDR434.57 bn. UCID's total liabilities decreased to IDR2.79 tn as of December 31, 2024, compared to IDR2.92 tn the year prior. Conversely, total assets increased to IDR8.65 tn from IDR8.48 tn over the same period. (Source : Kontan)