1Q18’s Less Stellar Performance
AALI’s sales whittled away 1% from IDR4.49 trillion in 1Q17 into IDR4.44 in 1Q18. Nevertheless, its net profit tumbled 55% from IDR801 billion in 1Q17 into IDR355 in 1Q18. The tumble was attributable to the plunge in gross profit margin from 31% 1Q17 into 17% 1Q18.
The portion of production costs experienced no significant surge as it only nudged up 2%. In 1Q17, its portion to sales was 76%, and nudged up 2% into 78% in 1Q18. The decline in net profit was mainly attributable to the hike of 12% in finished good inventory portion to sales.
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