JAKARTA - PT Delta Djakarta Tbk (DLTA), the producer of alcohol noted the increase of profit in the first quarter 2017 compared to the same period in 2016. The increase of profit is in line with the maintained of excice duty and sales tax.
Director of PT Delta Djakarta Tbk Alan Fernandez said the company's revenue increased 0.35% in the first quarter 2017, but the profit increased significantly from the first quarter 2016 to first quarter 2017.
Based on the company's financial report, the company's sales during the first quarter 2017 was not significant compared with the same period in 2016. Its sales noted Rp 431.97 billion during 2017 and during first quarter 2016 noted Rp 430.69 billion. In local domestic market, the company's dometic sales contribution was approximately Rp 455.63 billion and export sales noted Rp 112.21 million, where the sales discounts noted Rp 23.76 billion in the first quarter 2017. In the same period 2016, the local domestic and export contribution noted Rp 448.72 billion and Rp 229.90 million, respectively and the sales discounts noted Rp 18.25 billion.
Even though the company's sales was stable in quarter to quarter, the gross profit increased during the period. Its gross profit noted Rp 160.76 billion during first quarter 2017 which was affected by the decrease of excise duty and sales tax and decrease of cost of goods sold noted Rp 214.19 billion and Rp 57.01 billion, respectively. (LK)