HRTA MTN Maturity worth IDR250Bn. Jewelry company, Hartadinata Abadi, Tbk (HRTA) recorded a positive performance at 1H19. In reporting the financial statements released Tuesday (30/7), HRTA net sales rose 15.69% YoY from the previous IDR1.53Trn at 1H18 to IDR1.77Trn.
Its net sales consist of jewelry sales and precious metals that wholesale contribute to 80% or IDR1.56Trn. This acquisition also increased 16.42% from the previous year. Then the sale of jewelry from the store amounted to IDR202.2Bn and franchise rewards amounted to IDR2.88Bn.
The cost of the sales point rose to IDR1.6Trn so that the gross profit generated in the middle of this year amounted to IDR168.46Bn or rose 15.84% YoY. Through the acquisition of well-grown income and the gross profit that also increased, the profit of the period that can be attributed to the owner of the parent entity joined 17.35% YoY to IDR86.38Bn from the previous one of IDR73.61Bn at 1H18.
In the middle of this year, HRTA recorded an asset of IDR1.85Trn, which rose 20% YoY from the previous IDR1.53Trn in December 2019. The number of liabilities also grew to 58.7% YoY to IDR705.65Bn. For the record, April 2019, HRTA recently issued a medium term notes (MTN) of Sharia Mudharabah I Hartadinata Abadi worth IDR250Bn to support the expansion of its outlets.
So, that makes HRTA’s liabilities surge due to the increase in expenses that still have to be paid amounting to IDR8.5Bn, dividend debt of IDR32.23Bn, and MTN amounting to IDR250Bn which will be due on 23 April 2022.