Filma Cooking Oil Producer's Net Profit Soared 84% in 2021

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Reza Pahlevi 21/03/2022 12:30 WIB

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Sinar Mas Agro Resources and Technology Tbk, the producer of Filma cooking oil, recorded sales of Rp 57 trillion with a net profit of Rp 2.83 trillion in 2021.

Net Revenue and Profit of Sinar Mas Agro Resources and Technology (2017-2021)

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Filma Cooking Oil Producer's Net Profit Soared 84% in 2021

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Net Revenue and Profit of Sinar Mas Agro Resources and Technology (2017-2021)

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Sinar Mas Agro Resources and Technology Tbk, the company that produces Filma-branded cooking oil, recorded sales of Rp57 trillion with a net profit of Rp2.83 trillion in 2021.

This net profit increased by 84% from Rp1.54 trillion in 2020. This increase is also inseparable from the high price of crude palm oil (CPO) throughout last year.

In terms of composition, 48% of Sinar Mas Agro's sales in 2021 were export sales, while the remaining 52% were domestic sales.

Based on product type, refined products contributed the most with sales of Rp37.05 trillion. These refined products include cooking oil and margarine.

Biodiesel contributed Rp9.07 trillion in sales, and non-refined products contributed Rp6.76 trillion. Other products contributed Rp4.12 trillion.

Besides Sinar Mas Agro, other cooking oil producers such as Salim Ivomas Pratama also recorded an increase in net profit.

Salim Ivomas Pratama, which produces Bimoli-branded cooking oil, recorded a 320% year-on-year increase in net profit, reaching Rp984.41 billion in 2021.

Editor : Adi Ahdiat

"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."