Alcohol Products Still Dominate, Bintang Beer Producer Raises Sales Of IDR 1.33 Trillion With A Net Profit Of IDR 394.26 Billion In Semester I-2022

Photo: Doc. Multi Star Indonesia

JAKARTA - Bintang beer producer PT Multi Bintang Indonesia Tbk had a brilliant financial performance in six months of this year. Sales grew, net profit also increased.

As stated in the company's financial statements as of June 30, 2022, which was released Thursday, July 28. In this period, Multi Bintang's net sales reached IDR 1.33 trillion.

The note was up 16.67 percent from the same period last year of IDR 1.14 trillion.

In detail, the company's sales of alcohol products still dominate. The value is IDR 1.13 trillion.

Meanwhile, non-alcoholic sales only reached IDR 193.81 billion. Even so, Multi Bintang's non-alcoholic products grew higher or increased by 22.49 percent from the same period last year of IDR 158.23 billion.

In line with sales growth, the company's net profit, which sells the Heineken beer brand and Green Sand coke, also increased. In this period, the value reached IDR 394.26 billion or increased by 39.99 percent from IDR 281.62 billion in six months last year.

Apart from growing sales, the company's net profit was also supported by a decrease in cost of goods sold to IDR 533.69 billion from the previous IDR 543.22 billion.

Likewise with the financial burden which fell from IDR 11.45 billion to only IDR 9.58 billion.

As additional information, as of June 30, 2022, Multi Bintang's total assets reached IDR 2.82 trillion, down from IDR 2.92 trillion at the end of 2021. On the other hand, its equity also decreased from IDR 1.09 trillion at the end of 2021 to IDR 632.85 billion.