12 April 2022

PT Mahkota Group Tbk (MGRO) managed to record revenue of IDR 7.31 trillion in 2021. This amount increased 78.29% (yoy) compared to MGRO's revenue in 2020 of IDR 4.10 trillion.

Based on financial reports on the Indonesia Stock Exchange (IDX), MGRO's revenue in 2021 was dominated by the crude palm oil segment and its derivatives amounting to IDR 6.63 trillion. Then followed by revenue from the palm kernel and derivatives segment of IDR 558.30 billion, tank rental services of IDR 58.89 billion, and other palm products of IDR 55.97 billion.

At the same time, MGRO's cost of revenue in 2021 jumped 64.46% (yoy) to IDR 6.48 trillion, compared to the realization in the previous year of IDR 3.94 trillion.

MGRO also recorded a gross profit of IDR 825.05 billion in 2021, an increase of 399.09% (yoy) compared to the company's gross profit in 2020 of IDR 165.31 billion.

Meanwhile, MGRO's operating expenses in 2021 reached IDR 642.58 billion, an increase of 349.48% (yoy) compared to MGRO's operating expenses in the previous year of IDR 142.96 billion.

That way, MGRO earned an operating profit of IDR 182.46 billion in 2021. This figure skyrocketed 716.37% (yoy) compared to MGRO's operating profit in 2020 of IDR 22.35 billion.

Until the end of 2021, MGRO scored a net profit for the year attributable to owners of the parent entity of IDR 78.53 billion. Conversely, in 2020, MGRO suffered a net loss for the year of IDR 51.74 billion.

MGRO had total assets of IDR 1.82 trillion at the end of 2021, 27.27% (yoy) higher than the company's total assets in 2020 of IDR 1.43 trillion. As of the end of 2021, MGRO had total liabilities of IDR 1.11 trillion. MGRO's total equity in the same period was recorded at IDR 709.80 billion.

Source : https://industri.kontan.co.id/news/mahkota-group-mgro-raih-pendapatan-rp-731-triliun-pada-tahun-2021