High Cooking Oil Prices, Bimoli Producer's Income Falls 14%
- A Small
- A Medium
- A Bigger
The high price of cooking oil since the beginning of the year has not directly impacted the performance of PT Salim Ivomas Pratama Tbk. This Bimoli producer actually experienced a revenue decline.
The company, with the stock code SIMP, recorded revenue of Rp4.04 trillion in the first three months of 2022. This revenue is down 14% year-on-year (yoy) from Rp4.7 trillion in Q1 2021.
SIMP experienced an 18% decrease in crude palm oil production to 142,000 tons in Q1 2022. This production decline was due to unfavorable weather and replanting activities.
Although the top line experienced a correction, SIMP recorded a net profit of Rp297 billion in the same period. This profit soared 181% (yoy) from Rp106 billion in 2021.
This increase occurred due to an increase in the gross profit margin to 33% from the previous 22%. The high average selling price of palm oil contributed to the larger margin.
"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."
Related Data
Latest Data Stories
Market Data
| Name | Value | % | |
|---|---|---|---|
| Economic growth | 5,11% | +0.08 | |
| Gini rasio (Sem2) | 0,38 | 0.00 | |
| PDB ADHK (Q1) | 3.447,70 | -0.77 | |
| Nilai Tukar USDIDR | 17.653 | +0.31 | |
| Neraca perdagangan (Mar) | 3,32 | +160.82 | |
| Ekspor Migas (Mar) | 1,28 | +18.60 | |
| Impor Migas (Mar) | 3,17 | +58.74 | |
| Ekspor (Mar) | 22,53 | +1.62 | |
| Impor (Mar) | 19,21 | -8.08 | |
| Kunjungan Wisman (Feb) | 1,16 | -2.42 | |
| Inflasi yoy (Apr) | 2,42% | -1.06 | |
| Inflasi mom (Apr) | 0,13% | -0.28 | |
| Persentase kemiskinan (Des) | 7,50% | -0.75 | |
| NTP (Apr) | 112,29 | +0.43 |
Trending Topics
Popular Data
