KONTAN.CO.ID - JAKARTA. PT Garuda Metalindo Tbk, traded as BOLT, has reported a decline in its performance for the first quarter of 2024. Both sales and profits of BOLT have shrunk compared to the same period last year. According to the financial report, Garuda Metalindo's sales shrank by 11.25% year-on-year (yoy) to IDR 365.38 billion. In contrast, during the same period in 2023, BOLT's sales reached IDR 411.74 billion. The decline in sales was due to a decrease in BOLT's local sales. During the first quarter of 2024, BOLT's local sales were recorded at IDR 341.98 billion, lower than the same period in 2023, which was IDR 395.27 billion.
Garuda Metalindo (BOLT) Records Performance Decline in Q1-2024
KONTAN.CO.ID - JAKARTA. PT Garuda Metalindo Tbk, traded as BOLT, has reported a decline in its performance for the first quarter of 2024. Both sales and profits of BOLT have shrunk compared to the same period last year. According to the financial report, Garuda Metalindo's sales shrank by 11.25% year-on-year (yoy) to IDR 365.38 billion. In contrast, during the same period in 2023, BOLT's sales reached IDR 411.74 billion. The decline in sales was due to a decrease in BOLT's local sales. During the first quarter of 2024, BOLT's local sales were recorded at IDR 341.98 billion, lower than the same period in 2023, which was IDR 395.27 billion.