JAKARTA - PT Catur Sentosa Adiprana Tbk (CSAP), distributors in the fields of building materials, consumer/FMCG goods, and chemicals, as well as owners of the modern retail network Building Materials & Home Improvement Mitra10 and Home Furnishing Atria, announced full year 2022 performance.
The company recorded a net profit attributable to the parent entity (clean tax) of IDR 246 billion, an increase of 11.81 percent compared to the same period in 2021, which is IDR 220 billion. This figure is the highest achievement in the last five years.
solid growth in net profit performance is inseparable from positive revenue growth throughout 2022. At the end of 2022, CSAP achieved revenue of IDR 15.45 trillion, up 8.51 percent compared to the previous year's achievement of IDR 14.24 trillion.
Andy Totong, Director of CSAP, explained that the company is sustainable to improve performance through its business segments.
"CSAP is committed to improving and strengthening the distribution segment by expanding the distribution network and adding products, and implementing aggressive expansion strategies for the modern retail segment," Andi said in his statement, quoted Thursday, March 16.
Two CSAP business segments, namely the Distribution Segment (Building, Chemical, and FMCG) and the Modern Retail Segment (Building and Furniture), recorded positive performance throughout 2022.
Distribution segment recorded revenue of Rp9.58 trillion, up 4.37 percent YoY compared to last year's achievement of Rp9.18 trillion. This segment contributed 62 percent to consolidated revenue.
This is supported by a network of 46 building materials distribution branches in various major cities in Indonesia, 5 chemical distribution branches, and 38 consumer goods distribution areas (FMCG). The distribution segment has become the backbone or segment with the largest contribution so far. This is due to the strong distribution network owned by the company.
Meanwhile, the modern retail segment with a contribution of 38 percent of the company's revenue, represented by the Mitra10 retail network for building materials and Home Improvement and the modern retail network Home Furnishing Atria, recorded revenue of IDR 5.87 trillion, up 16.01 percent compared to the same period last year of IDR 5.06 trillion.
The modern retail segment has been known as a segment that makes a positive contribution in terms of growth. Currently, the company has 45 modern retail outlets Mitra10 and 19 Atria showrooms.
These modern retail chains are spread across major cities in Indonesia such as Jabotabek, Cikarang, Karawang, Cirebon, Yogyakarta, Solo, Sidoarjo, Semarang, Tegal Surabaya, Malang, Denpasar, Lampung, Palembang, Batam, Medan, Pekanbaru, Makassar, Mataram, Balikpapan, and Banjarmasin.
In 2023, CSAP plans to achieve its target of having 50 Mitra10 outlets with plans to open 5 new Mitra10 superstore outlets. To support this target, the company has allocated IDR 1.3 trillion for capital expenditures by 2023, with 15 percent allocated for the distribution segment and 85 percent for the modern retail segment.
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