JAKARTA - PT Kirana Megatara Tbk (KMTR) generated Rp 1.58 billion in revenue in 2018, 99.62% lower than its profit in 2017 (Rp 423.18 billion) , mainly due to the declining net sales.
Based on the company's financial statements, the company's net sales was recorded at Rp 10.16 billion in 2018, down from Rp 12.10 billion in 2017. The company's cost of goods sold was recorded at Rp 9.48 billion, decreased from Rp 10.75 billion. The company's gross profit was recorded at Rp 678.08 million, dropped from Rp 1.35 billion.
The company's operating profit was recorded at Rp 169.61 billion, declined from Rp 845.05 billion in 2017. Finally, the company's income before tax was recorded at Rp 39.21 million, declined from Rp 706.76 million recorded in 2017.
The largest contributor to the net sales was the sale of rubber finished goods (Rp 10.13 billion) followed by palm (Rp 22.38 million), and rubber raw materials (Rp 3.31 million) in 2018. (LK/AR)