JAKARTA - The vegetable oil processing company, PT Wilmar Cahaya Indonesia Tbk (CEKA) managed to score a satisfactory performance in the first nine months of this year. The growth in the performance of Sania and Fortune's cooking oil producers was driven by increased sales from both the domestic and export segments.
In a financial report published on the Indonesia Stock Exchange (IDX) website, quoted on Friday, October 22, the company owned by the conglomerate Martua Sitorus achieved a net sales growth of 46.92 percent, from Rp. 2.51 trillion at the end of September 2020 to Rp. 3.68 trillion in 2017. third quarter 2021.
Wilmar's net sales until the third quarter were still supported by domestic sales of Rp3.51 trillion. That number shot up 47.55 percent compared to the same period last year worth Rp. 2.38 trillion.
Wilmar's export sales also jumped by 35.01 percent, from the previous Rp125.80 billion to Rp169.85 billion in the first nine months of this year.
Wilmar recorded an increase in cost of goods sold by 49.92 percent to Rp3.43 trillion in the third quarter of 2021. Meanwhile, in the same period last year, Wilmar's cost of goods sold was only Rp.2.29 trillion.
In addition, Wilmar experienced an increase in selling expenses by 32.16 percent, from Rp. 57.45 billion to Rp. 75.93 billion. However, general and administrative expenses were successfully cut by 1.76 percent to Rp36.37 billion in the third quarter of 2021.
As a result, Wilmar managed to reap profit growth for the current period of 12.30 percent in the third quarter of 2021 to Rp129.56 billion. Even though Wilmar's net profit was only Rp. 115.36 billion at the end of September 2020.
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