MR DIY Indonesia Books Rp1.1tn Profit in 2024

1 week ago 6

March 27, 2025 | 03:38 pm

TEMPO.CO, Jakarta - PT Daya Intiguna Yasa Tbk (IDX: MDIY), also known as MR DIY Indonesia, posted a net profit of Rp1.1 trillion in 2024, marking a 205.6 percent increase. The profit outpaced its annual revenue growth of 73.9 percent, which reached Rp6.8 trillion.

“This strong profit growth reflects the company’s ability to expand efficiently while continuing to drive margin improvements and enhance operational effectiveness,” President Director Edwin Cheah said in a written statement on Thursday, March 27.

Despite a dynamic industry landscape, Edwin noted that the company’s solid performance is backed by a strong business foundation. He described the achievement as a result of an expansion strategy focused not just on growth but also on long-term sustainability.

"By maintaining operational excellence and prioritizing customer experience, MR DIY Indonesia is well-positioned to further strengthen its leadership in Indonesia’s home improvement retail industry," he said.

In 2024, MR DIY expanded its footprint by opening new stores and increasing transaction volume. The company added 270 new outlets last year, bringing its total store count to 961, spanning 389 cities across 37 provinces from Sabang to Merauke.

Edwin added that MR DIY Indonesia continues to expand into second- and third-tier cities to provide broader access to affordable and comprehensive home improvement products.

“With an extensive store network, MR DIY Indonesia stands out among its peers, further cementing its position as the country’s largest home improvement retailer,” he said.

Editor's Choice: Indonesia Seeks to Calm Investors After Stocks, Rupiah Slide

Click here to get the latest news updates from Tempo on Google News

Bank Jago Reports Rp129bn Net Profit, 78% Growth in 2024

5 hari lalu

Bank Jago Reports Rp129bn Net Profit, 78% Growth in 2024

President Director of Bank Jago said that this growth was achieved amid the challenges posed by the dynamic global economic and political environment.

Indonesia's Waskita Karya Sees Bigger Net Loss at $243 Million in 2025, CEO Says

22 hari lalu

Indonesia's Waskita Karya Sees Bigger Net Loss at $243 Million in 2025, CEO Says

Waskita Karya has been struggling to pay its debts after its finances were hit hard by the impact of the pandemic.

Energy Minister Bahlil Apologized for 3-Kg LPG Purchasing That Caused Victim

51 hari lalu

Energy Minister Bahlil Apologized for 3-Kg LPG Purchasing That Caused Victim

Energy Minister Bahlil Lahadalia apologized for the long queues to get 3-kilogram liquified petroleum gas (LPG) which causes a victim.

Prabowo Orders 3-Kg LPGs to be Sold by Retailers Again Today

51 hari lalu

Prabowo Orders 3-Kg LPGs to be Sold by Retailers Again Today

Indonesian President Prabowo Subianto ordered the Minister of Energy to ensure that subsidized 3-kg LPGs can still be sold by retailers.

MR DIY Goes Public; IPO Price Set at Rp1,650 per Share

19 Desember 2024

MR DIY Goes Public; IPO Price Set at Rp1,650 per Share

Retail company PT Daya Intiguna Yasa Tbk, better known as MR DIY, has officially gone public, debuting on the Indonesia Stock Exchange with an IPO pri

Elnusa Records Net Profit of Rp 551 Billion in Q3 2024, What is Its Business Strategy for Next Year?

6 Desember 2024