JAKARTA. PT Kino Indonesia Tbk (KINO) booked net profit of IDR 70.46 billion in 2023, turning the table after the loss of IDR 957.03 billion it recorded in the previous year.

According to IDNFinancials data, KINO’s net profit in 2023 was supported by its sales that soared to IDR 4.14 trillion. The sales figure increased 13.9% year-on-year (yoy).

Based on the recently published financial report, most of KINO’s sales in 2023 came from beverages, contributing IDR 2.29 trillion. Meanwhile, body care products brought in IDR 1.33 trillion of sales, followed by food products of IDR 440.8 billion, pharmaceutical products of IDR 61.13 billion, and animal feed of IDR 8.63 billion.

By sales’ region, KINO sold almost all of its products to domestic sales, scoring total number of IDR 3.86 trillion. In the meantime, export sales were only IDR 270 billion.

In 2023, KINO’s total assets were corrected 0.6% yoy to IDR 4.64 trillion, while its total equity grew 5.5% yoy to IDR 1.61 trillion. (KR/ZH)