JAKARTA. PT Martina Berto Tbk (MBTO) in 2019 managed to reduce its losses by 41.33%, since the company managed to reduce its sales and marketing expenses by 24.66%.
In 2019, MBTO recorded a loss of Rp 66.95 billion, far lower than its record in 2018 of Rp 114.13 billion. MBTO managed to reduce its sales and marketing expenses from Rp 250.98 billion to Rp 189.09 billion.
The 6.97% growth in the company's sales from Rp 502.52 billion in 2018 to Rp 537.57 billion, also helped the company to reduce its losses.
Cosmetics sales are still the main contributor to the company's sales revenue (82.05% or Rp 441.1 billion).(AM/AR)