Revenue was IDR 2,102 billion in the 1Q2022, or 40.9% higher than 1Q2021. The increase was mainly from Distribution (46.8%) and Manufacturing segment (32.4%).
Consolidated gross profit in 1Q2022 increased by 35.4%, with gross margin relatively stable at 19.8%.
Income from operation was achieved at IDR 189 billion in 1Q2022, 89.7% higher than 1Q2021. The increase was mainly contributed from higher revenue and gross profit.
Profit for the year attributable to owners of the parent entity in 1Q2022 was IDR 98 billion, higher by 149.4% than 1Q2021, in line with improvement in income from operation.
Consolidated Financial Position
2019
2020
2021
1Q2021
1Q2022
Cash and Bank
86
376
499
391
527
Trade Receivables
1,084
817
1,025
920
1,256
Inventories
1,163
746
1,044
707
971
Fixed Assets
1,881
1,829
1,815
1,835
1,807
Investment in Associates
820
812
845
842
842
Others
829
944
998
941
1,010
Total Assets
5,863
5,524
6,226
5,636
6,412
Interest Bearing Debt
2,190
1,959
1,754
1,847
1,642
Trade Payables
1,078
829
1,261
888
1,326
Others
435
493
508
562
641
Total Liabilities
3,703
3,281
3,524
3,297
3,608
Equity
2,160
2,243
2,702
2,338
2,804
(IDR billion)
Net debt 1Q2022 was IDR 1,115 billion, lower by 11.2% compared to December 2021 of IDR1,255 billion.
Our current performance has translated to an earning per-share (annualized) of IDR 253/share in 2022.
Key Financial Ratio
2019
2020
2021
1Q2021
1Q2022
Current Ratio (x)
0.84
0.98
1.14
1.02
1.21
EBITDA / Net Interest Expense (x)
3.15
3.92
7.23
6.59
6.49
Net Debt / EBITDA (x)
3.21
2.45
1.67
2.04
1.21
Net Debt / Equity (x)
0.97
0.71
0.46
0.62
0.40
Working Capital Days
2019
2020
2021
1Q2021
1Q2022
AR Days
60
53
56
55
54
Inventory Days
80
61
70
54
52
AP Days
74
68
85
67
71
WCC Days
66
46
41
42
35
Favourable key financial ratio was a result of improvement in working capital to a more efficient level, higher EBITDA and current ratio, as well as improvement in net debt level.
For a more comprehensive analysis of the 1Q2022 performance, the quarterly report is available on our company website (www.lautan-luas.com).
Share (millions) *
1560
52wk High (Rp)
770
Price in 2022, March 31 (Rp)
770
52wk Low (Rp)
490
Price / Earning (x) **
3.04
EPS (Rp)
63
Dividend Yield (%)
2.59
EPS Annualized ** (Rp)
253
ROE (%) **
15
* Include 5,149,000 treasury stocks ** Annualized
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
Original Link
Original Document
Permalink
Disclaimer
PT Lautan Luas Tbk published this content on 26 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 April 2022 08:49:10 UTC.
PT Lautan Luas Tbk is an Indonesia-based company, which is engaged in distributing and manufacturing of basic and specialty chemicals, as well as supporting businesses and services business. The Companyâs business segments include Distribution, Manufacturing and Support and Services. Its products include sulfuric acid, aluminum sulfate, PAC, sodium silicate, non-dairy creamer, and various other main products. In the logistics sector, the Company provides warehousing and transportation service. The Company represents more than 100 international principals, distributes more than 1,000 chemical products, and serves more than 2,000 industrial customers throughout Indonesia and the Asia Pacific region. It also operates 10 manufacturing facilities in Indonesia and two in China. It serves various industries, such as food and beverages, industrial, drinking and wastewater, personal and home care, automotive, animal feed, building construction, agriculture and others.
PT LAUTAN LUAS TBK 
