Bimoli Producer's Net Profit Soars 101% in the First Half of 2022
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Palm oil issuer PT Salim Ivomas Pratama Tbk (SIMP) recorded net profit growth in the first half of 2022. This was achieved despite a slight decrease in revenue.
The producer of Bimoli-branded cooking oil recorded revenue of Rp8.07 trillion in the first half of 2022. This figure is down 10% year-on-year (yoy) from Rp8.96 trillion in the same period last year.
The company's palm oil production fell 5% (yoy) to 327,000 tons. However, this production decrease was slightly offset by an increase in the average selling price.
SIMP also recorded a net profit of Rp441 billion. This net profit soared 101% from Rp219 billion in the same period last year.
The company's assets were recorded at Rp36.71 trillion in the first six months of 2022. Liabilities were recorded at Rp16.3 trillion and equity at Rp20.43 trillion.
"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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