Sari Roti Owned By Conglomerate Anthony Salim Reaches Sales Of Rp1.55 Trillion And Profit Of Rp121.79 Billion In Semester I 2021

Sari Roti Factory. (Photo: Doc. Nippon Indosari Corpindo)

JAKARTA - Even though its sales recorded a decline, PT Nippon Indosari Corpindo Tbk (ROTI) was still able to record net profit growth in the first semester of 2021.

In ROTI's financial report published on the information disclosure page of the Indonesia Stock Exchange (IDX), quoted on Sunday, July 1, the producer of Sari Roti, owned by conglomerate Anthony Salim, recorded an increase in profit for the current period attributable to owners of the parent entity or net profit of 33.19 percent. to Rp121.79 billion, compared to the same period last year of Rp91.43 billion.

Whereas in terms of the top line, ROTI recorded sales of Rp1.55 trillion, down 7.01 percent from the net sales notch in the first half of 2020 of Rp1.67 trillion.

The decline in net sales performance contributed to the reduction of ROTI's cost of goods sold by 6.35 percent, from Rp752.19 billion in the first semester of 2020 to Rp704.40 billion.

As a result, in the first semester of 2021, the company experienced a 7.55 percent decrease in gross profit, from Rp921.91 billion in the first semester of 2020 to Rp852.27 billion.

However, ROTI was still able to cut operating expenses to Rp707.13 billion at the end of last June. This figure was reduced to 14.27 percent from operating expenses for the same period the previous year of Rp824.90 billion.

As of June 30, 2021, ROTI recorded an asset value of Rp4.22 trillion, with total liabilities and equity of Rp1.27 trillion and Rp2.95 trillion, respectively.