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Mandom records double-digit net profit growth

Newsdesk (JP)

Jakarta

Mon, July 31, 2017 Published on Jul. 31, 2017 Published on 2017-07-31T22:06:45+07:00

Mandom records double-digit net profit growth

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)

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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)