Martina Berto targets $39m in annual sales despite slumping cosmetics demand

first_imgThe company, part of cosmetics giant Martha Tilaar Group, has shifted its business focus to healthcare goods since the height of the pandemic by producing in-demand products such as hand sanitizers, hand gel, disinfectant and bottled herbal drinks.The company’s sales fell 38.2 percent year-on-year (yoy) to Rp 87.06 billion in the first quarter of this year because of a pandemic-induced decline in consumption. Cosmetics sales, which previously made up more than 82 percent of Martina Berto’s total sales, fell by almost 35 percent yoy during the period.“We hope the easing PSBB [large-scale social restrictions] policy will boost people’s consumption by December,” Bryan said.To achieve its sales target, the company plans to launch a new herbal product, among others, in the second half of this year. However, Bryan declined to go into detail as the products were still under development. Martina Berto vice chairwoman Wulan Tilaar said on June 4 that the company had seen a 50 percent increase in revenue from its red ginger product, an ingredient commonly found in jamu (traditional herbal medicine), during the pandemic.Bryan thought the company’s shift to health care and hygiene would help it overcome its losses from earlier this year.The company, which sells the Sari Ayu and PAC cosmetics brands, recorded a loss of Rp 24.24 billion in the first three months of this year.The production shift is part of Martina Berto’s so-called “survival program”, as the company has been forced to temporarily close its outlets and spas because of social distancing measures.As part of the program, Bryan said, the company would conserve its cash by increasing efficiency.“We’ve conducted the efforts by adjusting raw material purchases for production and laying off contract workers so we can conserve cash during this time,” he said.The company has restructured its loans and delayed interest and debt payments to suppliers. It has also adjusted this year’s capital expenditure (capex) for the current situation, he said, without going into detail about the figure.Martina Berto’s shares, traded on the Indonesia Stock Exchange (IDX) under the stock symbol MBTO, closed at Rp 68 per share on Tuesday, unchanged from its previous close, as the Jakarta Composite Index (JCI) declined by 0.04 percent.Martina Berto stock has lost 27.66 percent of its value since the beginning of the year.Topics : Publicly listed cosmetics firm PT Martina Berto is targeting Rp 564 billion (US$39.09 million) in sales this year, 4.92 percent higher than last year’s figure, despite slumping demand for cosmetics.President director Bryan David Emil said on Monday that the company was optimistic it would achieve the target as it would focus on producing skin care, personal care, herbal and hygiene-related products this year to offset the low demand for makeup.“We won’t be focusing on makeup products because people’s faces will be covered by masks,” he said during a virtual public showcase. “That’s why we’ll focus on producing hygiene products, soaps, shampoos and hand sanitizers instead this year.”last_img read more

Mesut Ozil’s agent gives update on Arsenal midfielder’s future

first_img Metro Sport ReporterFriday 28 Feb 2020 8:15 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link839Shares Aubameyang’s goal wasn’t enough to beat Olympiacos on Thursday night (Picture: Getty Images)Sogut failed to rule out the possibility of Ozil signing a contract extension at the club, but admitted his client is keeping his options open.He added: ‘Maybe he has a good end to the season and good next season and the club offers him a new contract.‘It’s down to the club in the end, not to me or Mesut. If the club is not giving him an offer then he can’t stay. If he gets an offer from the club he will consider it.’More: Arsenal FCArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira movesThomas Partey debut? Ian Wright picks his Arsenal starting XI vs Manchester CityArsene Wenger explains why Mikel Arteta is ‘lucky’ to be managing ArsenalGunners boss Mikel Arteta also faces a battle to keep hold of his star striker and captain Pierre-Emerick Aubameyang.The Gabon international was visibly distraught after Arteta’s side crashed out of the Europa League against Olympiacos on Thursday night.Aubameyang also has just 18 months left on his Arsenal contract, and reportedly wants the guarantee of European football if he is to extend his stay at the club.Follow Metro Sport across our social channels, on Facebook, Twitter and Instagram.For more stories like this, check our sport page.MORE: Martin Keown gives damning assessment of Arsenal after Olympiacos defeatMORE: Martin Keown believes Mikel Arteta made obvious mistake in Arsenal’s defeat against Olympiacos Arteta’s thoughts after Arsenal crash out of Europa League to OlympiacosTo view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video Play VideoLoaded: 0%0:00Progress: 0%PlayMuteCurrent Time 0:00/Duration Time 6:31FullscreenArteta’s thoughts after Arsenal crash out of Europa League to Olympiacoshttps://metro.co.uk/video/artetas-thoughts-arsenal-crash-europa-league-olympiacos-2120134/This is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.‘He is going into the end of this contract, he will be 32 years old, he will be a free agent, and it’s not a bad situation.‘And he will have probably a hundred million followers on the social media side at that time, his marketing will be bigger by that time.‘And he’s 32 so he can still go and play in top-level football for the next two or three years.’ Ozil’s contract at the Emirates runs out in 2021 (Picture: Getty Images)Mesut Ozil’s agent reveals there is ‘no chance’ he will leave Arsenal in the summer, with the midfielder planning on seeing out his contract at the Emirates Stadium.The 31-year-old has just 18 months left on his current deal, prompting rumours of a potential exit from the north London side.His Gunners teammate Mohamed Elneny, who is currently on loan at Turkish club Besiktas, admitted he could see the German playmaker joining his boyhood team Fenerbahce in the near future.Ozil’s agent, Dr Erkut Sogut, told i newspaper: ‘At the moment, we don’t even talk about it, because he still has one-and-a-half-years left.AdvertisementAdvertisementADVERTISEMENT‘He still has 15 months to go. Until then, he will stay at Arsenal, for sure. He will stay until the end of his contract. There’s no chance he’ll leave. Commentcenter_img Advertisement Mesut Ozil’s agent gives update on Arsenal midfielder’s future Advertisementlast_img read more

Sisters Academy of New Jersey Graduates 16

first_imgASBURY PARK – Sisters Academy of New Jersey on June 13 graduated 16 students in its Class of 2012.Erin Avery, left, of Rumson with Sisters Academy of New Jersey scholarship winners Leslie Mayeregger, center, and Withney Barthelemy.The graduates spent four years at Sisters Academy sharpening their scholastic skills and broadening their intellectual horizons. The students will further their education at Red Bank Catholic High School, St. Rose High School and local public schools. The class received more than $715,000 in scholarships to attend high school.Two students achieved special honors this year earning full scholarships to prestigious private high schools. Leslie Mayeregger earned a full four-year scholarship, estimated at $200,000, to attend The George School in Newtown, Pa., and Withney Barthelemy earned a full four-year scholarship estimated at $225,000 to Mercersburg Academy in Mercersburg, Pa.The support and guidance of Erin Croddick Avery of Avery Educational Resources of Rumson and Patricia Horan of Sea Girt were instrumental in assisting the students navigate the educational waters of boarding school. Both women’s vast expertise in the educational field was essential to the students’ success.Sisters Academy of New Jersey is an independent middle school for girls and a program of Mercy Center of New Jersey that is a sponsored ministry of the Sisters of Mercy. Additional information is available by visiting www.Mercy CenterNJ.org or by calling 732-774-9397.last_img read more

Ice coaches keep options open following Major Midget evaluation camp

first_imgStep one on the road to playing for the Kootenay Ice came and went during the weekend at the NDCC Arena.More than 50 players test the Major Midget waters to sway evaluators sitting in the stands and find a spot on the Ice roster.”The camp went very well,” said Kootenay Ice head coach Mario DiBella.”We had 54 players at came, which is the largest turn out to date.” The BC Hockey Major Midget League was established in 2004 to provide elite level 15-17 year olds an opportunity to play within their own age group at a high level and be developed for the next level of hockey.Players from throughout the Kootenays took to the Heritage City to be part of the Kootenay Ice, one of 11 teams in the league.”We have 14 players returning from last season,” DiBella said.”At this point we have committed to (goalie) Adam Maida, (defenceman) Tyler Podgorenko and Austin Tambellini and (forward) Nolan Percival,” DiBella added.The Ice has a few weeks before taking to the ice for exhibition dates in September.Final roster cuts will be make September 15.The BCMMHL season opens in late September.last_img read more