TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Mandom records double-digit net profit growth
Change Size
Mandom Corp., a major maker of men's cosmetics, started seminars in December last year, providing students with tips on skincare and preventing body odor using its Gatsby brand products. (Shutterstock/File)
P
ublicly listed cosmetics factory PT Mandom Indonesia saw growth in its net profits during the first half of 2017 with a 26.8 percent increase to Rp 98.4 billion (US$7.39 million) from Rp 77.6 billion during the same period in 2016.
According to the company’s press statement, the firm booked Rp 1.4 trillion in revenue – a 9.2 percent increase compared to the Rp 1.2 trillion recorded last year.
The revenue mostly came from hair-product sales, which rose by 21.6 percent to Rp 621 billion. Skin-care and make-up product sales grew by 4 percent, while fragrance-product sales retreated by 4 percent, it wrote.
Furthermore, domestic sales also grew by 9.2 percent, year-on-year, to Rp 1.1 trillion from Rp 963.2 billion. A similar trend was also seen in foreign sales where the company’s exports rose by 9.2 percent to Rp 330 billion, from Rp 302.3 billion last year.
“Mandom Indonesia has established a management theme of ‘challenge, change and innovation’ while continuously performing in order to achieve double-digit growth for the coming years,” said Mandom Indonesia president director Tatsuya Arichi. (dea/ags)
