JAKARTA. PT Cisarua Mountain Dairy Tbk (CMRY) booked net profit of IDR 1.24 trillion throughout 2023, growing 17% year-on-year (yoy), driven by its quite solid performance in its revenue.

According to IDNFinancials data, the net profit growth of CMRY in 2023 aligned with its revenue that clocked up to IDR 7.77 trillion. The sales in this period increased 21.95% yoy from 2022.

Based on its product segments, most of CMRY’s sales in 2023 came from consumption food segment, with sales of IDR 4.12 trillion. Meanwhile, the remaining sales of IDR 3.65 trillion came from processed dairy products.

CMRY’s sales to related parties were reported equal to 37.3% of total revenue, or amounting to IDR 2.89 trillion in 2023. Sales to PT Indomarco Prismatama reached IDR 1.81 trillion, and to PT Sumber Alfaria Trijaya Tbk (AMRT), IDR 1.08 trillion.

With this net profit on hand, CMRY’s earning per share rose to IDR 156.49 in 2023. In the previous year, its earning per share only clocked up to IDR 133.66.

For the record, CMRY’s net profit in 2023 was its highest in record. In 2021, it only generated IDR 790.19 billion of profit, while in 2022, it rose to IDR 1.06 trillion. (KR/ZH)