This Youngest Commut Appreciates SKB Food Management Performance Due To Overachievement

JAKARTA - PT Sari Kreasi Boga, Tbk (RAFI) announced a brilliant performance by posting revenues of IDR 375.88 billion or up 220.96 percent throughout 2022 compared to IDR 117.11 billion at the end of 2021 (Year on Year/YoY). This positive score is considered important as a strong foothold towards sustainable fundamental business growth.

"We are grateful and appreciate the management's efforts to produce very positive results in 2022. It is not easy to achieve significant growth when you have to adapt in the first year to become a public company and in the midst of challenging economic situations," said SKB Food Jadug President Commissioner Trimulyo Ainul Amri, in his statement, Friday, April 28.

Jadug (27 years old), one of the youngest commissioners in the issuer in Indonesia, added that the management of SKB Food is able to work multitasking, develop existing businesses and at the same time expand according to the plan that has been set.

"The expansion carried out by SKB Food went as expected. We are optimistic that by 2023 it will begin to produce results and provide added benefits and value to shareholders," he said.

Based on the consolidated financial report ending in December 2022, SKB Food, which is engaged in the sale of raw materials and food and beverage franchises, recorded revenue from the raw material and auxiliary material business lines, dominated sales of IDR 354.14 billion in 2022. Followed by food and beverage revenues of IDR 19.56 billion, and franchise revenues of IDR 2.17 billion.

President Director of SKB Food, Eko Pujianto, said that the company's revenue, which increased by two compared to the previous year, also exceeded about 200 percent of the projection in the prospectus during the IPO.

"This development occurred because the company carried out massive penetration and acquisition of the market, especially for the sale of raw materials for protein food sources such as meat, fish, and chicken," he explained.

In addition, the company also acquired two food strategic sector subsidiaries in less than 1 year after the IPO. Consisting of PT Lazizaa Rahmat Semesta and PT Sumber Alam Sejahtera.

Along with a significant increase in revenue posts, SKB Food recorded an increase in operating profit of 19.64 percent to IDR 23.33 billion in 2022 from IDR 19.50 billion in the previous year. However, in line with the increase in costs in the context of expansion for sustainable and long-term growth, the company's net profit slightly decreased to IDR 12.42 billion in 2022 compared to IDR 14.16 billion in 2021.

"In 2023, the company will continue to grow and be expansive in order to provide added value to all stakeholders, especially shareholders. SKB Food will establish a restaurant with well-known influencers, launch a new brand restaurant, and plan to open a branch in the Holy Land of Mecca," said Director of Marketing & PR SKB Food, Nur Arief Budiyanto who is familiarly called Arbud.

Closing the 2022 financial report, the total asset value of SKB Food jumped by 238.89 percent to Rp254.60 billion compared to Rp75.12 billion in 2021.