High Profit Party, Conglomerate Issuers Start to Show Off

Reporter: Yuliana Hema | Editor: Ahmad Febrian | Translator: Tiyas Widya Septiana

KONTAN.CO.ID - JAKARTA.  Stock issuers owned by domestic tycoons are still reaping huge profits. Based on issuers' financial reports for the first half of 2023, conglomerate groups that have businesses in the consumer goods sector, both primary and non-primary, reap the thickest profits.

For example, the performance of the Salim Group, which has its main business in the consumer sector, managed to thrive. For example, the issuer duo Indofood recorded double-digit net profit growth compared to the first half of last year. Unfortunately, the performance of the Salim Group is still being pressured by companies in the plantation sector, which have fallen by double digits.