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KLBF – Performance Overshadowed by Increasing Raw Material Prices

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Cindy Alicia
Cindy Alicia
Analyst - Consumer, Healthcare
Cindy Alicia
Latest posts by Cindy Alicia (see all)
  • Company Report | [JPFA] Impacted by Weaker Poultry Prices in 4Q23 - March 19, 2024
  • Company Report | [SIDO IJ] Strong Performance in 4Q23 - February 27, 2024
  • Company Report | [MAPI IJ] Stable Performance in Almost All Segments - January 11, 2024

Distribution and Logistics Segment grew 28.9% YoY in 1Q22, pushing sales in 1Q22 up to IDR7.0 trillion (+16.6% YoY), and net profit of 1Q22 jumped 16.5% YoY to IDR834.9 billion. In facing the increase of raw material prices, KLBF suppress raw material imports and pushes for herbal raw materials. Meanwhile, 1Q22 GPM was booked lower at 41.7% (vs 1Q21: 44.0%)

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