Bandung, August 30, 2024 – PT Hartadinata Abadi Tbk (HRTA) has again recorded brilliant financial performance in Semester 1 of 2024. Revenue was recorded at IDR8.24 trillion in Semester 1 of 2024, growing 33.46% YoY from IDR6.18 trillion in Semester 1 of 2023. Revenue growth was supported by an increase in sales in pure gold of 19.22% YoY to 7.42 tons in 1H24 from 6.23 tons in 1H23, as well as an increase in the average selling price (ASP) of 12.02% YoY to IDR1,104,944 in 1H24 per gram from IDR986,389 per gram in 1H23. Net profit was recorded at IDR205.63 billion in 1H24, an increase of 10.83% YoY from IDR185.53 billion in 1H23. Sales to wholesalers including exports contributed 82.62%, followed by retail sales (16.88%) and pawn (0.45%). Furthermore, ROA and ROE grew to 7.87% and 19.50%. Meanwhile, DER was maintained at 1.31x in 1H24. This achievement is the fruit of the success of the Company's strategy throughout 2024 through innovations that have been carried out by Management, one of which is through gold jewelry products with the ARDORE® brand and gold bars with the EMASKU® brand. On the other hand, HRTA continues to consistently expand its marketing network by expanding its own outlets to a total of 85 stores in 2023. In 2024, the Company targets to grow the number of outlets to 100 stores.
 

In terms of the global market, the Company targets to strengthen its foothold outside the Indian and United Arab Emirates (UAE) markets which have become export partners. The Company aims to expand its export network to several strategic countries, including Asia, Europe and the United States. The selection of these countries is based on an in-depth analysis of market potential and increasing consumer demand for quality gold products. This expansion is an integral part of the Company's strategy to strengthen HRTA's existence in the global market and optimize its export portfolio as one of the pillars of the company's growth.
 

Furthermore, HRTA is also committed to obtaining a license from the London Bullion Market Association (LBMA), an international recognition that will affirm the superior standards of gold products produced by the company. "Obtaining the LBMA license will be an important milestone in our journey for our products to gain global recognition in terms of quality. This is a strategic step that will strengthen our reputation as an industry leader and open up new opportunities in the international market," said Sandra Sunanto, CEO of PT Hartadinata Abadi Tbk.

About PT Hartadinata Abadi Tbk (HRTA)
As a manufacturer and provider of gold jewelry that has earned the trust of stakeholders for over 35 years, HRTA is a major player in the Indonesian gold jewelry industry. HRTA operates an integrated business, including four manufacturing plants, a precious metal refining facility, wholesale and retail sales, as well as e-commerce channels and the emasku.co.id website. 

This integrated business model provides a secure market for HRTA, having established relationships with over 900 gold shops throughout Indonesia. For more information, visit www.hartadinataabadi.co.id or the official Instagram account @hartadinata.abadi.

For further information, please contact:
Ong Deny 
Corporate Secretary 
PT Hartadinata Abadi Tbk 
Telp : (022) 5402326 / 5403002 
Email : [email protected]/ [email protected]
www.hartadinataabadi.co.id