JAKARTA. PT Klinko Karya Imaji Tbk (KLIN), a household cleaning product manufacturer, faced a loss of IDR 1.27 billion in the first half of 2023.

KLIN’s net sales in H1 2023, in fact, increased 65% year-on-year (yoy) to IDR 5.07 billion. Meanwhile, in the same period last year, the net sales were stuck at IDR 3.07 billion.

However, the cost of sales of KLIN in H1 2023 experienced a surge of up to 99% yoy to IDR 4.04 billion. Furthermore, its selling expenses were also multiplied 8 times to IDR 1.65 billion.

In terms of market, KLIN still relied on domestic sales in H1 2023. Domestic sales covered 86.19% of total sales in H1 2023, whereas export sales brought in another IDR 706.8 million.

Until June 30, 2023, KLIN recorded total assets worth IDR 41.58 billion, with total cash and bank of IDR 375 million. Meanwhile, total equity was reported at IDR 32.09 billion. (KR/ZH)