Sales Growth of 5.5% y-y
KLBF proved its brighter performing by striving to hit sales growth of 5.5% from IDR5 trillion in 3Q17 to IDR5.29 trillion in 3Q18. The figures were higher than the sales of 2.4% y-y and 3.8% y-y in 1Q18 and 2Q18, respectively. The distribution segment posting 3Q18 higher sales of 9% in from IDR1.47 trillion in 3Q17 to IDR1.6 trillion in 3Q18 was the bolster to sales growth. Meanwhile, other segments also posted the growth hovering at 3%-5% y-y.
Rupiah Depreciation, Stunting Margins
KLBF’s net profits buoyed 4.5% from IDR563 billion in 3Q17 to IDR589 billion in 3Q18, yet its gross profit margins depleted from 48.6% in 3Q17 to 47.0% in 3Q18. The rupiah depreciation lingers in 2018 causes KLBF’s gross margin, on a quarter basis, to slide lower from 48.4% in 1Q18 to 47.8% in 2Q18, and finally settling at 47.0% in 3Q18.
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