In 4Q21, MIKA booked a decline of 6.9% in revenue, but cumulative revenue in 12M21 successfully recorded an increase to IDR4.3 trillion. Meanwhile, MIKA’s net profit also grew to IDR1.2 trillion. In the future, MIKA continues to expand its hospital development to support its performance.
HMSP booked 2021 sales of IDR98.9 trillion (+7.0% YoY), boosted by machine-rolled clove cigarettes (SKM). Gross profit declined 9.9% from last year, amid the increase of 2021 COGS to IDR81.9 trillion. Meanwhile, excise tax increase also impacted on the decline of 2021 net profit by 16.8% to IDR7.1 trillion (vs 2020 IDR8.6 trillion).
UNTR booked FY21 income of IDR79,46 trillion, up 31.67% YoY. The construction machinery segment booked record high growth of 70.02% compared to 2020. The increase in heavy machinery uses boosted Komatsu sales volume throughout FY2021 by 97.44%. Meanwhile, the net profit of FY21 recorded at IDR10.28 trillion or up 71.24% from the same period last year.
In 4Q21, AALI booked an income of IDR6.3 tn and boosted the total revenue of FY21 to IDR24.3tn (+29.3% YoY). The jump in CPO price also pushed the net profit up to IDR2.0tn (+136.6% YoY). We estimate CPO price to continue rising as demand increases, whereas the commodity price has gone up 33.6% year to date.
UNVR’s sales in 2021 booked an 8.0% decline YoY. The F&R segment supported total sales, with growth of 1.4% YoY to IDR12.17 tn.
In the future, the company will continue to expand both in terms of new product launches, outlet reach, as well as export destination targets.
The increase in excise tax resulted in the uptick in retail selling price, causing consumers to shift to more affordable price.
In 3Q21, UNVR still booked lower revenue and net profit. The Food and Refreshment were able to grow, but could not support UNVR’s overall performance. In the future, the company plans to expand its business portfolio into the premium segment.
