Revenue was IDR 4,063 billion in the 1H2022, or 32.1% higher than 1H2021. The increase was mainly from Distribution (37.8%) and Manufacturing segment (25.0%).
Consolidated gross profit in 1H2022 increased by 33.6%.
Income from operation was achieved at IDR 332 billion in 1H2022, 48,2% higher than 1H2021. The increase was mainly contributed from higher revenue and gross profit.
Profit for the year attributable to owners of the parent entity in 1H2022 was IDR 181 billion, higher by 133.8% than 1H2021, in line with improvement in income from operation.
2
(IDR billion)
Consolidated Financial Position
2019
2020
2021
1H2021
1H2022
Cash and Bank
86
376
499
469
245
Trade Receivables
1,084
817
1,025
840
1,240
Inventories
1,163
746
1,044
730
1,131
Fixed Assets
1,881
1,829
1,815
1,836
1,801
Investment in Associates
820
812
845
852
813
Others
829
944
998
920
1,054
Total Assets
5,863
5,524
6,226
5,648
6,285
Interest Bearing Debt
2,190
1,959
1,754
1,881
1,549
Trade Payables
1,078
829
1,261
886
1,196
Others
435
493
508
558
689
Total Liabilities
3,703
3,281
3,524
3,325
3,434
Equity
2,160
2,243
2,702
2,323
2,852
Our current performance has translated to an earning per-share (annualized) of IDR 233/share in 2022.
3
Key Financial Ratio
2019
2020
2021
1H2021
1H2022
Current Ratio (x)
0.84
0.98
1.14
0.97
1.27
EBITDA / Net Interest Expense (x)
3.15
3.92
7.23
6.79
5.92
Net Debt / EBITDA (x)
3.21
2.45
1.67
1.92
1.55
Net Debt / Equity (x)
0.97
0.71
0.46
0.61
0.46
Working Capital Days
2019
2020
2021
1H2021
1H2022
AR Days
60
53
56
49
55
Inventory Days
80
61
70
53
63
AP Days
74
68
85
64
66
WCC Days
66
46
41
38
51
Favourable key financial ratio was a result of higher EBITDA as well as improvement in net debt level.
For a more comprehensive analysis of the 1H2022 performance, the quarterly report is available on our company website (www.lautan-luas.com).
4
Share (millions) *
1,560
52wk High (Rp)
1,580
Price in 2022, June 30 (Rp)
1,225
52wk Low (Rp)
520
Price / Earning (x) **
5.27
EPS (Rp)
116
Dividend Yield (%)
5.71
EPS Annualized ** (Rp)
233
ROE (%) **
13.97
* Include 5,149,000 treasury stocks
** Annualized
5
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PT Lautan Luas Tbk published this content on 24 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 August 2022 19:37:03 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 
