This Company Owned By Conglomerate Brother Hary Tanoesoedibjo Earns Revenue Of IDR 2.65 Trillion In The Third Quarter Of 2021

JAKARTA - PT Zebra Nusantara Tbk (ZBRA) managed to achieve significant performance growth in the first nine years this year. The revenue and profit of the company owned by Rudy Tanoesoedibjo skyrocketed in the third quarter of 2021.

The increase occurred after the acquisition of ZBRA by Rudy Tanoesoedibjo and the backdoor listing of PT Dos Ni Roha (DNR). In ZBRA's financial report, quoted on Tuesday 7 December, ZBRA's revenue shot up 29.813 percent to IDR 2.65 trillion in the third quarter of 2021 compared to IDR 8.86 billion in the same period the previous year.

The cost of goods sold also increased to IDR 2.26 trillion from IDR 7.56 billion. With gross profit increasing to IDR 386.39 billion from IDR 1.29 billion.

Other expenses also increased, such as selling expenses which rose to IDR 62.28 billion from previously non-existent, general and administrative expenses which jumped to IDR 228.94 billion from IDR 2.79 billion, financial expenses which rose to IDR 81.1 billion from previously did not exist.

As a result, profit before income tax increased to IDR 39.19 billion per third quarter of 2021 compared to IDR 143.54 million per the same quarter last year.

Thus, the profit for the period attributable to owners of the parent entity was IDR 30.97 billion, an increase of 32,513 percent compared to the 9-month period last year of IDR 94.98 million.

Total assets also increased 522 times to IDR 3.13 trillion as of September 30, 2021, compared to IDR 6.68 billion at the end of last year. In detail, the number of current assets rose to IDR 2.59 trillion from IDR 1.22 billion, while non-current assets rose to IDR 544.59 billion from IDR 5.46 billion.

On the other hand, total liabilities also increased 103.8 times to IDR 1.78 trillion in the third quarter of 2021 from IDR 17.3 billion as of December 31, 2020. In detail, the number of short-term liabilities increased to IDR 1.71 trillion from IDR 14.88 billion, while long-term liabilities rose to IDR 73.33 billion from IDR 2.42 billion.

ZBRA's equity position also improved, total equity was IDR 1.35 trillion from the previous capital deficiency or negative IDR 10.62 billion.