JAKARTA. PT Mandom Indonesia Tbk (TCID) managed to record positive performance in 2022 after its struggle in previous years. The company booked net profit of IDR 18.10 billion after 10.51% surge in its sales.

The increased sales resulted from the strategy implemented earlier in 2022, which was to boost sales by focusing on fast-moving consumer goods and latest products, two of which made the most extensive contribution to total sales.

According to the 2022 Financial Report of TCID, the company secured net sales of IDR 2.04 trillion in 2022, shifting 10.51% from year-on-year (yoy) from IDR 1.85 trillion. The domestic sales dominated the total revenue with IDR 1.32 trillion, while export sales clocked up to IDR 717.29 billion.

As the sales increased, so did its costs of sales by 5.74% yoy to IDR 1.63 trillion from IDR 1.54 trillion. Thankfully, its gross profit remained strong with 34.6% yoy increment to IDR 411.43 billion. After paying off several expenses and taxes, TCID ended up with a total current year’s profit of IDR 18.10 billion, turning the tables around from the loss of IDR 76.50 billion in 2021. (AM/ZH)