MAHKOTA GROUP RECEIVES REVENUE OF IDR 2,22 TRILLION IN THE FIRST QUARTER OF 2022
12 May 2022
PT Mahkota Group Tbk (MGRO) achieved revenue of IDR 2.22 trillion until March 31, 2022, up from revenue of IDR 1.24 trillion in the previous period.
The company's financial statements, as quoted from the disclosure of information on Tuesday (10/5/2022), stated that gross profit reached IDR 171.27 billion, up from gross profit of IDR 167.35 billion.
Operating expenses fell to IDR 141.58 billion from IDR 169.73 billion and operating profit was IDR 29.69 billion compared to an operating loss of IDR 2.37 billion the previous year.
Profit before tax was recorded at IDR 10.36 billion after suffering a loss before tax of IDR 20.62 billion the previous year.
Net profit for the period attributable to owners of the parent entity was IDR 5.86 billion from a net loss of IDR 20.59 billion in the previous year.
Total assets reached IDR 2.19 trillion as of March 31, 2022, an increase compared to total assets of IDR 1.82 trillion as of December 31, 2021.