President Director Distributes Rp1.49 Billion Purchase 400 Thousand Shares Of Cimory Shares Owned By Conglomerate Bambang Sutantio

Photo: Doc. Cimory

JAKARTA - President Director of PT Cisarua Mountain Dairy Tbk (CMRY), Farell Grandisuri has increased his share ownership in the company owned by conglomerate Bambang Sutantio.

In an information disclosure on the Indonesia Stock Exchange (IDX) website, quoted on Friday, June 24, Farell Grandisuri bought 400,000 CMRY shares at a price of Rp3,736. Thus, the purchase value of the shares reached around Rp1.49 billion.

After the transaction, Farell held 607,403,200 shares of CMRY from the previous 607,003,200 shares.

"The purpose of the transaction is for investment and direct share ownership status," explained Cimory's management.

The milk and yogurt producer Cimory previously reported performance growth in the first quarter of 2022. CMRY posted an increase in sales in the first quarter of 2022. Positive performance in the first three months of this year, followed by an increase in net profit.

In Cimory's financial report, quoted on Saturday, May 7, the company recorded sales of Rp1.46 trillion in the first quarter of 2022. The sales increased 106.28 percent compared to the first quarter of 2021 of Rp712.59 billion.

During the January-March 2022 period, Cimory's sales were supported by the dairy product segment, which contributed 99.44 percent to total net sales with a value of Rp1.46 trillion. Sales of dairy products increased by 108.04 percent compared to sales in the first quarter of 2021 of IDR 702.66 billion.

Meanwhile, sales in the consumer food segment decreased from Rp9.93 billion in the first quarter of 2021 to Rp8.16 billion in the first quarter of 2022. Based on the geographical segment, domestic sales rose 91.76 percent year-on-year (year-on-year). year/yoy) to Rp901.88 billion, compared to Rp470.31 billion in the first quarter of 2021.

Overseas sales also rose significantly by 134.48 percent to Rp568.10 billion. CMRY's cost of goods sold also increased significantly by 118.74 percent YoY to Rp819.51 billion, from Rp374.65 billion in the first 3 months of the previous year.