Press Release Financial Performance of PT Kino Indonesia Tbk For the Period Ended 31 December 2019
Tangerang City, 6th April 2020 – PT Kino Indonesia Tbk (“KINO” or “Company”) has already announced its audited financial results for the year ended 31 December 2019. The Company managed to book sales Rp 4,679 billion or grew by 29.5% compared to previous year with the summary as stated on the table below:
* Include gain on bargain purchase of Rp 264 billion
About The Company
KINO is an Indonesian well-known fast-moving consumer goods (FMCG) company. KINO Group was initially established its business as a distribution company, namely PT Dutalestari Sentratama in 1991.
KINO manufactures consumer goods that consists of 5 business segments: personal care, beverage, foods, pet foods, and pharmaceutical. Several prominent and market leader brands under the KINO are Ellips, Ovale, Cap Kaki Tiga or Three Legs Brand, Sleek Baby, Eskulin, and others. In accordance with the Company’s motto of “Innovate Today, Creating Tomorrow”, KINO will keep being innovative in developing each product to be well-accepted by consumers, both domestically and internationally.
The increase of sales in 2019 is supported by our new product Sasha Toothpaste and an increase in the demand of Lola Remedios in Philippine’s market. Ellips and the Three Legs Brand are also contributing a double-digit growth in 2019. Moreover, the addition of points of distribution which are spread in several area help KINO in developing its market domestically and internationally.
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