JAKARTA - PT Sariguna Primatirta Tbk (CLEO), the producer of Cleo bottled water, managed to record profit growth of 101.28% in the first quarter of 2019, from Rp 12.56 billion recorded in the same period of the previous year, to Rp 25.28 billion.
As quoted from the company's financial statements, in the first quarter of 2019, the profit growth was supported by a growth in the company's sales revenue, from Rp 162.59 billion recorded in the same quarter of 2018 to Rp 223.54 billion. Meanwhile, the company's gross profit was recorded at Rp 78.06 billion in the first quarter of 2019, from Rp 59.60 billion in 2018.
Quite significant growth on an annual basis occurred in the net sales of all of the company's products, consisting of bottled water, gallons, cups, and others. Sales of bottled water was recorded at Rp. 60.97 billion, up from Rp. 40.88 billion recorded in Q1 2018, sales of gallons was recorded at0 Rp. 49.27 billion, up from Rp. 35.25 billion, sales of cups was recorded at Rp. 49.78 billion, up from Rp. 20.82 billion, and others was recorded at Rp. 1.73 billion, up from Rp. 539 million. (LK)