Tempo Scan net profit jumps 42.1% to IDR 787.8 billion
JAKARTA. PT Tempo Scan Pacific Tbk (Tempo Scan) achieved fantastic growth in net profit of 42.1% in 2020 even though net sales were almost the same as the previous year.
President Director of PT Tempo Scan Pacific Tbk (Tempo Scan) Diana Wirawan in his explanation Wednesday (7/4/2021) stated that the increase in net profit was due to the company reducing operating costs by 17.6%, especially sales costs by 19.25% and general and administrative costs of 11.35%.
The reduction in operating costs was due to, among other things, the reduction in the cost of providing for non-recurring employee benefits (one time) in 2020 as an implementation of the Job Creation Law No. 11/2020 and other supporting regulations, Diana said in her explanation.
With sales achieved in 2020 of IDR 10.97 trillion, in the end Tempo Scan recorded a net profit of IDR 787.8 billion, an increase of 42.1% compared to 2019. (AM/LM)