Bintang Beer Producer, Profit Soars 346 Percent To IDR 281 Billion In Semester I 2021

Illustration. (Photo: Doc. Multi Bintang Indonesia)

JAKARTA - The alcoholic beverage company PT Multi Bintang Indonesia Tbk (MLBI) recorded performance growth in the first six months of this year. The revenue and profit of this Bintang beer beverage producer shot up in the first semester of 2021.

In Multi Bintang's financial report published on the Indonesia Stock Exchange (IDX) website, quoted on July 28, the issuer with the stock code MLBI recorded revenues of IDR 1.13 trillion. This realization increased by 42.08 percent compared to the first semester of 2020, which was valued at IDR 799.70 billion.

In terms of sales segment, revenue from sales of alcohol products rose 52.47 percent on an annual basis to IDR 977.97 billion. On the other hand, non-alcoholic sales still fell 0.04 percent to IDR 158.22 billion.

With the increase in sales, MLBI scored a fantastic increase in net profit. Profit for the year attributable to owners of the parent company soared 346.09 percent on an annual basis to IDR 281.62 billion from the previous IDR 63.13 billion.

Meanwhile, MLBI's total assets fell 1.33 percent to IDR 2.86 trillion since the beginning of the year. The company's equity fell 50.17 percent to IDR 714.16 billion while liabilities jumped 46.15 percent to IDR 2.15 trillion.

Multi Bintang Indonesia is a producer of alcoholic beverages with superior product Bintang Beer. In addition, the company produces and markets premium alcoholic beverages for international brands such as Heineken as well as Bintang Zero and Bintang Radler 0 percent alcohol-free drinks.