Other income lifts AISA's net profit to IDR 1.2 trillion
JAKARTA. PT FKS Food Sejahtera Tbk (AISA) has obtained other income which is very significant and has resulted in net profit ending in a positive area even though the company's revenue fell by 15.23%.
The performance of the company, previously known as PT Tiga Pilar Sejahtera Tbk, posted net sales of IDR1.28 trillion or decreased by 15.23% in 2020. Along with the decline in sales, cost of goods sold also corrected 9.43% (yoy) to IDR 965.17. billion in 2020, from the previous IDR 1.06 trillion.
Operating expenses also decreased by 10.85% (yoy) to IDR 480.13 billion, while other expenses decreased by 76.73% (yoy) to IDR 74.97 billion. On the other hand, other income increased by 24.21% (yoy) from IDR 1.90 trillion in 2019 to IDR 2.36 trillion in 2020.
In the end, AISA recorded a net profit attributable to the owners of the parent entity of IDR 1.20 trillion in 2020, up 6.19% (yoy) compared to the company's net profit in the previous year of IDR 1.13 trillion.
Meanwhile, total assets reached IDR 2.01 trillion or grew by 8.06% (yoy) from IDR 1.86 trillion, with total liabilities reaching IDR 1.18 trillion and total equity reaching IDR 828.25 billion. (AM/LM)