PT Multi Indocitra Tbk 2019 AR2
The report highlights PT Multi Indocitra Tbk's positive performance in 2019 despite global and national economic challenges. The company achieved net sales of Rp733.816 billion, representing a 15.04% increase from the previous year, driven primarily by its backbone Pigeon brand products. Key strategic developments included the acquisition of a 51% stake in PT Nusapangan Sukses Makmur to expand into food services and the spin-off of its distribution business to PT Sinergi Multi Distrindo. Additionally, the company inaugurated a new office and factory for PT Multielok Cosmetic in Cikande and expanded its product portfolio with new brand partnerships.
Company: PT Multi Indocitra Tbk
Sector: Consumer Discretionary
Country: Indonesia
Year: 2019
Type: AR2
Pages: 316
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PT Multi Indocitra Tbk
Annual Report
The report highlights PT Multi Indocitra Tbk's positive performance in 2019 despite global and national economic challenges. The company achieved net sales of Rp733.816 billion, representing a 15.04% increase from the previous year, driven primarily by its backbone Pigeon brand products. Key strategic developments included the acquisition of a 51% stake in PT Nusapangan Sukses Makmur to expand into food services and the spin-off of its distribution business to PT Sinergi Multi Distrindo. Additionally, the company inaugurated a new office and factory for PT Multielok Cosmetic in Cikande and expanded its product portfolio with new brand partnerships.
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Document Details
Report Year
2019
Reporting Period
Jan 1, 2019 - Dec 31, 2019
Fiscal Year
2019
Type
Annual Report with Sustainability Disclosures
Language
English, Indonesian
Pages
File Size
Standards & Assurance
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Workplace Fatalities
Employees