CFC Managers Get Rid Of Destruction And Successfully Raise Sales Of IDR 284.31 Billion And Profit Of IDR 4.10 Billion In Semester I 2022

JAKARTA - The manager of the California Fried Chicken (CFC) franchise outlet in the country, PT Pioneerindo Gourmet International Tbk (PTSP) recorded performance growth in the first semester of 2022.

In the financial statements for the second quarter of 2022, quoted on Wednesday, August 24, the company managed to record an increase in revenue and managed to reverse the losses recorded at the end of 2021. In the first quarter of 2022, PTSP recorded sales of IDR 284.31 billion, this value increased by 37.62 percent compared to the end of 2021 which was recorded at IDR 206.59 billion.

Profit for the year attributable to owners of the parent company was recorded at IDR 4.10 billion after at the end of 2021 it posted a loss of IDR 9.84 billion.

Furthermore, liabilities were also recorded to decrease in the second quarter of 2022 by 13.39 percent compared to 2021, which was IDR 195.31 billion. Assets also decreased by 7.04% YTD, while equity increased 1.93 percent year to date (YTD) to IDR 130.34 billion from IDR 127.87 billion.

At a public presentation that took place in June 2022, PTSP President Director, Edi Triyento said this year PTSP plans to add another 20 outlets by the end of 2022. As of last June, his party has completed the construction of 7 outlets.

To realize this, PTSP does not disclose the value of the CAPEX prepared this year. Director of PTSP, Teh Kian Kun, explained that for CAPEX his party is trying to use internal cash funds and not borrow from creditors.