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Mayora, Kopiko's Producer, Sales Performance That Elon Musk Sampled

Vika Azkiya Dihni 27/04/2022 14:10 WIB

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PT. Mayora Indah Tbk (MYOR) reported net sales of Rp27.9 trillion in 2021. Mayora gained public attention after Elon Musk sampled its Kopiko candy.

Sales of PT. Mayora Indah Tbk (2017-2021)

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Mayora, Kopiko's Producer, Sales Performance That Elon Musk Sampled

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Sales of PT. Mayora Indah Tbk (2017-2021)

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The meeting between Coordinating Minister for Investment and Maritime Affairs Luhut Binsar Pandjaitan and Tesla founder Elon Musk has drawn public attention. One reason is that both were seen holding Kopiko candies, a product of PT Mayora Indah Tbk.

The company, listed on the Indonesia Stock Exchange with the code MYOR, recorded net sales of Rp27.9 trillion in 2021. This figure increased by 14% compared to the previous year's Rp24.48 trillion.

Mayora's sales were dominated by packaged processed food, amounting to Rp15.87 trillion. The remaining Rp12.03 trillion came from packaged processed beverages.

Along with the increase in sales, the cost of goods sold also increased to Rp20.98 trillion from Rp17.17 trillion in 2020. Thus, the company recorded a gross profit of Rp6.92 trillion, down from Rp7.3 trillion in the previous year.

Despite the increase in sales, distributable profit attributable to the parent entity decreased by 42% to Rp1.21 trillion, compared to Rp2.09 trillion in 2020. Earnings per share also fell to Rp53 from Rp92 in the previous year.

Over the past five years, Mayora's sales have shown an upward trend. In 2017, the company recorded sales of Rp20.8 trillion.

This figure steadily increased to Rp25 trillion in 2019. Although it slightly decreased in 2020 to Rp24.5 trillion, Mayora's sales rebounded with a 14% increase in 2021.

(Also Read: [This is Mayora's Sales, the Kopiko Producer that Went Viral Thanks to Elon Musk](https://databoks.katadata.co.id/datapublish/2022/04/27/ini-penjualan-mayora-produsen-kopiko-yang-viral-berkat-elon-musk))

Editor : Annissa Mutia

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Mayora, Kopiko's Producer, Sales Performance That Elon Musk Sampled

Mayora, Kopiko's Producer, Sales Performance That Elon Musk Sampled

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Mayora, Kopiko's Producer, Sales Performance That Elon Musk Sampled

Mayora, Kopiko's Producer, Sales Performance That Elon Musk Sampled

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