MLBI records 25% revenue growth in 2021
JAKARTA - PT Multi Bintang Indonesia Tbk (MLBI) successfully delivered a 25% increase in revenue in 2021 compared to 2020, from IDR 1,985 billion to IDR 2,474 billion.
Multi Bintang Indonesia also recorded a growth in gross profit ahead of revenue at 45%, from IDR 940 billion to IDR 1,362 billion, despite significant investments in sales and marketing, and operating profit more than doubled to IDR 891 million. The positive growth was driven by a sharply focused commercial strategy that gained traction over the year, coupled with improved cost efficiencies, in conjunction with the partial re-opening of the on-premise channel.
“Profits were slightly ahead of our projections for the year. With strong double digit growth on the top and triple digit growth on the bottom line, we are well on the road back to pre-pandemic performance, underpinned by a strong commercial strategy, disciplined execution and a relentless focus on cost excellence,” said René Sánchez Valle, President Director of Multi Bintang Indonesia.
During the Annual General Meeting, it was also approved that the final dividend for the financial year 2021 will be distributed to shareholders of the Company in the amount of IDR 408.45 per share. (LM)