Pizza Hut Indonesia Reverses Losses to Post Profit in 2021

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05/04/2022 16:40 WIB

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PT Sarimelati Kencana Tbk, the franchise holder of Pizza Hut, reported revenue of Rp3.42 trillion with a net profit of Rp60.77 billion.

Sarimelati Kencana (Pizza Hut) Net Income and Profit/Loss (2017-2021)

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Pizza Hut Indonesia Reverses Losses to Post Profit in 2021

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Sarimelati Kencana (Pizza Hut) Net Income and Profit/Loss (2017-2021)

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PT Sarimelati Kencana Tbk (PZZA), the Indonesian franchisee of Pizza Hut, reversed its losses in 2021, reporting a net profit of Rp60.77 billion on revenue of Rp3.42 trillion.

While revenue was down 1.1% from Rp3.46 trillion in 2020, PZZA successfully turned a Rp93.52 billion loss into a profit by reducing its cost of sales by Rp173 billion.

Jakarta contributed the most to revenue with Rp1.36 trillion, followed by Java-Bali (Rp957.39 billion), Sumatra (Rp525.39 billion), Sulawesi (Rp267.05 billion), Kalimantan (Rp234.76 billion), and the eastern region (Rp75.25 billion).

PZZA's assets totaled Rp2.21 trillion at the end of 2021, a 0.7% decrease from Rp2.23 trillion in 2020. Liabilities were recorded at Rp1.05 trillion, while equity stood at Rp1.16 trillion.

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."