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Sales Down, Era Jaya Net Profit Drops 39.9 Percent

Erajaya Swasembada Tbk PT (ERAA), a listed retail distributor of mobile phones, reported a net profit in the first half of 2013 fell 39.9 percent from the same period a year earlier. Net income fell from Rp 212.4 billion in Semester 1 2012 to Rp 129.8 billion in Semester 1 2013.
Djatmiko Ward, Director of Marketing and Communications Erajaya, said the decline in net income was due to the decreased net sales of Rp 6.4 trillion to Rp 5.9 trillion in the first semester of 2013. Sales decreased due to sales of mobile phones fell from 5.2 million to 4.9 million in the first half of 2013.
“Sales of mobile phones and tablets from the company recorded 88.1 percent of net sales, sales fell to Rp 5.2 trillion from net sales of Rp 5.9 trillion in the first half of 2012, net income decreased as a result,” he said in Jakarta on Wednesday (31/07/2013).
This gives the effect of the sale of product sales boom era. So kontribursi such as through vouchers, computers and electronics segment, as well as accessories segment is not able to increase the company’s revenue.
Vouchers 489.6 billion recorded in the first half of 2013 up from 397.6 billion in the first half of 2012. While computers and computer equipment segment recorded sales of 129.6 billion in the first half of 2013. And accessories segment recorded an increase of 89.7 billion from the 1st half of 2012 amounted to 12.5 billion.
A result of the drop in sales was also lower pre-tax profit (EBITDA) of the company on the 1st half of 2013 were down 37.2 percent to Rp 180.5 billion in EBITDA than in the 1st half 2013 that reached Rp 287.1 billion.

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