Manufacturers Of Astor, Kopiko, Etc. This Target Their Performance To Grow Double Digits

The President of the Republic of Indonesia, Joko Widodo while visiting the Mayora factory. (Photo: Doc. Setkab)

JAKARTA - PT Mayora Indah Tbk looks optimistic in 2021. This snack food manufacturer is confident that its performance will grow to double digits in 2021.

Finance Director of Mayora Indah Hendrik Polisar in an online public expose, Wednesday, December 23, said the factor would be the soaring performance of the company codenamed MYOR stock, because sales would increase next year. In addition, he said, new products are expected to get a positive response from the community.

"We are optimistic that we are looking at 2021 in line with the increasing trend of sales throughout 2020," said Hendrik.

In the first quarter of 2020, Mayora's sales value was recorded at IDR 5.38 trillion. This amount then increased to IDR 5.7 trillion in the second quarter of 2020.

Meanwhile, in the third quarter of 2020, Mayora's sales figure exceeded IDR 6.5 trillion. Hendrik is also optimistic that the positive trend will last until the end of the year, where he estimates that the sales figure will be in the range of Rp.6.62 trillion in the fourth quarter of 2020.

According to Hendrik, the new products Mayora released throughout 2020 received good responses from the public. These include Malkist Roma biscuits with cappuccino and coconut flavors, Kalpa wafers, Energen with dates, and Kopi Gilus Mix.

For information, until the third quarter of 2020, Mayora recorded an increase in net profit of 42.02 percent annually to IDR 1.56 trillion. Meanwhile, Mayora's income actually decreased slightly by 2.11 percent on an annual basis to IDR17.58 trillion.