JAKARTA. PT Mandom Indonesia Tbk (TCID), a body care product manufacturer and distributor, booked net profit of IDR 38.12 billion in 2023, soaring 106% year-on-year (yoy) higher.

According to the recently issued financial report, net sales in 2023 only reached IDR 2.05 trillion. This number has only a little difference with the previous year’s figure, in which the company recorded net sales of IDR 2.04 trillion in 2022.

However, TCID scored other income of IDR 43.26 billion in 2023, growing 97% yoy from IDR 21.96 billion. For the record, this other income includes gains from fixed asset divestment and foreign exchange.

TCID’s total assets were recorded at IDR 2.39 trillion at the end of 2023, down 0.5% yoy from IDR 2.38 trillion recorded in 2022. Meanwhile, its equity totalled IDR 1.88 trillion.

According to IDNFInancials data, TCID was seen climbing 100 points or 3.70% in its price to IDR 2,800 per share at the end of the first trading session today (19/3). Since the beginning of this year, the company’s stock price has shown an upturn by 120 points or 4.48%. (KR/ZH)