Q1 2018, Multi Bintang Profit Down 29%

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15/05/2018 08:01 WIB

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Revenue and Profit of PT Multi Bintang Indonesia Tbk (2003-March 2018)

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Revenue and Profit of PT Multi Bintang Indonesia Tbk (2003-March 2018)

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PT Multi Bintang Indonesia Tbk (MLBI) is expanding its export market to South Korea starting this year. This adds to the list of overseas markets for the locally produced Bintang Beer, which was previously also exported to Japan, Timor Leste, Australia, Singapore, the United Kingdom, and the Netherlands.

For information, the issuer with the trading code MLBI saw its revenue in Q1 2018 fall by 18.31% to Rp 734.4 billion from Rp 899 billion in Q1 2017. Similarly, profit in the first three months of this year decreased by 29.54% to Rp 212.5 billion from Rp 301.6 billion previously.

The ban on the sale of alcoholic beverages in minimarkets in 2015 had previously suppressed Multi Bintang's revenue by 9.78% to Rp 2.69 trillion from Rp 2.99 trillion the previous year. Similarly, its profit also eroded by 37.5% to Rp 496.71 billion from Rp 794.7 billion the previous year.

"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."