CPIN posted a 21.6% increase in revenue in FY21 to IDR51.7 trillion (vs FY20: IDR42.5 trillion). Cost of Goods Sold also increased in line with rising raw material prices amid rising commodity prices, which in FY21 was recorded at IDR43.6 trillion (+27.1% YoY). The increase in commodity prices also reduced CPIN’s FY21 net profit to IDR3.6 trillion, down 5.1% YoY.
Download full report HERE.
