JAKARTA - The decline in the price of alkyl benzene (AB) in the global market also pressured the performance of PT Unggul Indah Cahaya Tbk (UNIC) in the third quarter of 2019 compared to the same period last year. In the third quarter of 2019, UNIC posted net sales of US$ 235.88 million, down compared to the same period last year of US$ 268.44 million.
Quoted from the public expose answer sheet, the decline in the price of products and AP raw materials was also followed by the decline in the price of AB product substitution materials, thereby contributing to reducing sales volume, such as sodium tripolyphosphate (STPP). For example, surfactants chemical sales were US$ 211.71 million, down from US$ 233.28 million and phosphate sales to US$ 23.33 million, down from US$ 34.35 million.
This decrease in sales had an impact on financial performance, where gross profit was recorded at US$ 22.75 million, down from US$ 28.17 million in the same period last year. While the current period profit to US$ 6.37 million decreased by 63.94% from US$ 17.66 million. (LK)