Revenue was IDR 7,879 billion in 2022, or 18.7% higher than 2021. The increase was mainly from Distribution (16.2%) and Manufacturing segment (21.3%). Almost 90% of our total revenue in 2022 represent sales in Indonesia, mainly to B2B customers in the F&B, Animal Feed, Chemical and Personal & Home Care industry.
Consolidated gross profit in 2022 increased by 16.1%. Income from operation was achieved at IDR 588 billion in 2022, 9% higher than 2021. The increase was mainly contributed from higher revenue and gross profit.
Profit for the year attributable to owners of the parent entity in 2022 was IDR 321 billion, higher by 17% than 2021, in line with improvement in income from operation.
2
(IDR billion)
Consolidated Financial Position
2019
2020
2021
2022
Cash and Bank
86
376
499
237
Trade Receivables
1,084
817
1,025
1,053
Inventories
1,163
746
1,044
1,304
Fixed Assets
1,881
1,829
1,815
1,822
Investment in Associates
820
813
845
828
Others
829
944
998
851
Total Assets
5,863
5,514
6,218
6,094
Interest Bearing Debt
2,190
1,959
1,754
1,374
Trade Payables
1,078
829
1,261
1,258
Others
435
493
508
475
Total Liabilities
3,703
3,230
3,480
3,107
Equity
2,160
2,284
2,738
2,987
Our current performance has translated to an earning per-share of IDR 206/share in 2022.
3
Key Financial Ratio
2019
2020
2021
2022
Current Ratio (x)
0.84
0.98
1.14
1.22
EBITDA / Net Interest Expense (x)
3.15
3.89
7.16
5.73
Net Debt / EBITDA (x)
3.21
2.47
1.68
1.49
Net Debt / Equity (x)
0.97
0.69
0.46
0.38
Working Capital Days
2019
2020
2021
2022
AR Days
60
53
56
48
Inventory Days
80
61
70
74
AP Days
74
68
85
71
WCC Days
66
46
41
51
Favourable key financial ratio was a result of improvement in net debt level.
For a more comprehensive analysis of the 2022 performance, the quarterly report is available on our company website (www.lautan-luas.com).
4
Share (millions) *
1,560
52wk High (Rp)
1,645
Price in 2022, December 31 (Rp)
1,390
52wk Low (Rp)
640
Price / Earning (x)
6.73
Dividend Yield (%)
5.40
EPS (Rp)
206
ROE (%)
11.40
* Include 5,149,000 treasury stocks
5
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Disclaimer
PT Lautan Luas Tbk published this content on 04 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 April 2023 04:36:05 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 
