ADES books Rp 834.33 billion in 2019 net revenue
JAKARTA - PT Akasha Wira International Tbk (ADES) managed to record net revenues of Rp 834.33 billion in 2019. This figure increased by 3.73% compared to the achievements in the previous year of Rp 804.30 billion.
Contribution to revenue was dominated by bottled drinking water segment amounting to Rp 539.97 billion and cosmetic products amounting to Rp 294.35 billion. In 2018, the contribution of bottled drinking water and cosmetic products was recorded at Rp 495.56 billion and Rp 308.73 billion, respectively.
ADES managed to maintain its cost of goods sold at Rp 417.28 billion and sales expenses of Rp 209.81 billion. General and administrative expenses also remained stable at Rp 78.54 billion.
With the increase in revenue and expenses that remained stable, ADES managed to record a net profit in 2019 of Rp 83.88 billion. This achievement soared by 58.39% compared to the same period last year of Rp 52.95 billion. (LM)