Revenue was IDR 4,728 billion in the 3Q2021, or 12.2% higher than 3Q2020. The increase was mainly from Distribution segment (16.6%) mainly attributable to higher sales to customers in animal feed & nutrition.
Consolidated gross margin in 3Q2021 was lower at 19.1% compared to 3Q2020. The decrease was from Manufacturing segment.
Income from operation was achieved at IDR 363 billion in 3Q2021, higher than 3Q2020. The increase was a combination of higher gross profit, lower operating expense and improvement in foreign exchange in 3Q2021.
Profit for the year attributable to owners of the parent entity in 3Q2021 was IDR 138 billion, higher from IDR 27 billion in 3Q2020 in line with higher income from operation.
2
(IDR billion)
Consolidated Financial Position
2018
2019
2020
3Q2020
3Q2021
Cash and Bank
144
86
376
456
462
Trade Receivables
1,210
1,084
817
772
881
Inventories
1,287
1,163
746
928
792
Fixed Assets
1,902
1,881
1,829
1,929
1,818
Investment in Associates
753
820
812
794
800
Others
1,022
829
944
942
908
Total Assets
6,318
5,863
5,524
5,821
5,660
Interest Bearing Debt
2,577
2,190
1,959
2,292
1,837
Trade Payables
1,247
1,078
829
749
939
Others
369
435
493
549
558
Total Liabilities
4,193
3,703
3,281
3,589
3,287
Equity
2,125
2,160
2,243
2,233
2,373
Net debt 3Q2021 was IDR 1,375 billion, lower by 13.2% compared to December 2020 of IDR1,583 billion.
Our current performance has translated to an earning per-share (annualized) of IDR 120/share in 3Q2021, and translated to a book value per-share of IDR 1,370/share at end of September 2021.
3
Key Financial Ratio
2018
2019
2020
3Q2020
3Q2021
Current Ratio (x)
0.95
0.84
0.98
0.95
1.03
EBITDA / Net Interest Expense (x)
3.59
3.15
3.92
3.86
5.71
Net Debt / EBITDA (x)
3.50
3.21
2.45
3.30
1.96
Net Debt / Equity (x)
1.14
0.97
0.71
0.82
0.58
Working Capital Days
2018
2019
2020
3Q2020
3Q2021
AR Days
62
60
53
49
50
Inventory Days
80
80
61
75
56
AP Days
78
74
68
61
66
WCC Days
64
66
46
64
40
Favourable key financial ratio was a result of improvement in working capital to a more efficient level, higher EBITDA and current ratio, as well as lower net debt.
For a more comprehensive analysis of the 3Q2021 performance, the quarterly report is available on our company
website (www.lautan-luas.com).
4
Share (millions) *
1560
Price in 2021, September 30 (Rp)
620
Price / Earning (x) **
5.17
Deviden Yield (%)
2.4%
ROE (%) **
9%
52wk High (Rp)
680
52wk Low (Rp)
326
EPS (Rp)
90
EPS Annualized ** (Rp)
120
* Include 28,497,000 treasury stocks
** Annualized
5
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
Original Link
Original Document
Permalink
Disclaimer
PT Lautan Luas Tbk published this content on 17 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 November 2021 08:46:06 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 
