Nippon Indosari, Anthony Salim's Conglomerate Sari Roti Producer Earns IDR 787 Billion In Sales In The First Quarter Of 2021

JAKARTA - Sari Roti producer, PT Nippon Indosari Corpindo Tbk, posted a decline in revenue in the first quarter of 2021. However, Nippon Indosari Director Arlina Sofia admitted that sales of the company, codenamed ROTI, grew in the last three quarters.

Quoted from Sari Roti's official statement on the information disclosure page of the Indonesia Stock Exchange (IDX), Thursday, April 29, the revenue until the end of March 2021 decreased by 13.78 percent compared to the same period last year of IDR 912.87 billion.

"It is a very good performance achievement from modern and traditional sales channels, especially in the midst of the pressure of the COVID-19 pandemic", said Arlina.

Arlina said the sale of Sari Roti from the traditional channels (general trade) was supported by the expansion of the distribution in the western and eastern regions of Indonesia. In addition, she said, ROTI is also actively capturing market opportunities in residential areas through the Whatsapp messaging application with the chatbot feature.

"The contribution of traditional channels to total sales increased significantly to 32 percent in the first quarter of 2021 compared to 25 percent in the first quarter of 2020 or before the pandemic", explained Arlina.

Meanwhile, sales from modern trade channels were still the largest contributor to sales in line with the recovery in operational time for physical outlets.

If detailed, sales of white bread were recorded to have decreased by 13.26 percent on an annual basis (year-on-year) to IDR 589.53 billion at the end of the first quarter of this year. Furthermore, sales of sweetbreads decreased 19.98 percent yoy to IDR 260.63 billion.

On the other hand, cake sales grew 10.73 percent yoy to IDR 28.89 billion and others shot up 576.62 percent yoy to IDR 5.21 billion. The income correction also reduced the company's net profit by 27.15 percent to IDR 56.70 billion from IDR 77.84 billion previously.

Arlina emphasized that the performance in the first quarter of 2021 was not balanced when compared to the performance in the first quarter of 2020 due to the current pandemic.

"It would be more appropriate to make quarterly comparisons to assess profitability and see positive sales trends", said Arlina.