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GGRM – Profitability Margin Contracts

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  • Recent Posts
Cindy Alicia
Cindy Alicia
Analyst - Consumer, Healthcare
Cindy Alicia
Latest posts by Cindy Alicia (see all)
  • Company Report | High Raw Material Costs Caused Loss in 4Q22 - March 24, 2023
  • Company Report | 4Q22 Profitability Recorded Higher - March 6, 2023
  • Company Report | Performance Recovery Seen in 4Q22 - February 13, 2023

Throughout 1Q22, GGRM booked 1.5% YoY decline in revenue to IDR29.3 trillion, pressured by falling SKM and SKT. The profit in 1Q22 also fell 38.3% YoY to IDR1.1 trillion. Meanwhile, the profitability margins, GPM, OPM, and NPM in 1Q22 were also lower at
11.2%, 5.0%, and 3.7%

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