Nippon Indosari's Net Profit Increases 21.85 Percent, Sales Of Jumping For Sari Roti Offers

Sari Roti (Photo: Sari Roti)

JAKARTA - Sari Roti producer, a Salim Group entity, PT Nippon Indosari Corpindo Tbk (ROTI) recorded a net profit of IDR 145 billion in the first semester of 2024. This achievement rose 21.85 percent compared to the same period the previous year at IDR 119 billion.

ROTI posted sales of IDR 1.92 trillion in the first semester of 2024, an increase of 5.5 percent on an annual basis (YoY) compared to the same period in 2023, which was IDR 1.82 trillion.

Head of Investor & Public Relations ROTI Hadi Susilo said sales growth was driven by strong demand in areas outside Java as well as the impact of increasing consumers through modern trade channels such as minimarkets, supermarkets and hypermarkets.

"Clean sales increased by 5.5 percent to Rp1.92 trillion, up from Rp1.82 trillion in the first semester of 2023 and extraordinary leaps when compared to the first half of 2019 which was only Rp1.58 trillion," said Hadi at the Public Expose 2024, Tuesday, August 27.

Based on the type of product, bread is still the motor selling ROTI, which is IDR 1.28 trillion. Furthermore, there is sweet bread of IDR 800.28 billion, followed by cakes of IDR 166.58 billion and others worth IDR 32.76 billion.

After deducting sales and rebate returns, ROTI's total sales in the first semester of 2024 reached IDR 1.92 trillion.

Hadi explained that regional sales were still a motorbike thanks to sales of IDR 1.01 trillion.

"West and east regionals as driving growth, sales in the first semester of 2024 reached Rp909 billion, an increase of 12.2 percent yoy," he said.

He said the sales growth was in line with the business expansion strategy that had been launched by the company by building factories in Batam, Gresik, Balikpapan and Banjarmasin.

Sari Roti's sales achievement was also supported by the expansion of distribution on modern and traditional channels, through the addition of sales points to more than 93,000 spread throughout Indonesia.

"To meet the growing demand for bread and cake products, the company will increase production capacity by completing the construction of the 15th factory in Pekanbaru which is targeted to operate by the end of 2024," he said.

Meanwhile, ROTI's total assets were recorded at IDR 3.88 trillion in the first semester of 2024 or slowed down when compared to the position at the end of 2023 which was valued at IDR 3.94 trillion.

Meanwhile, ROTI's liabilities increased to IDR 1.84 trillion in the first semester of 2024. This figure increased from IDR 1.55 trillion at the end of 2023.