Profit From The Producer Of Nugget 'So Nice' Owned By The Handojo Santosa Reached IDR 916.7 Billion In 2020

JAKARTA - PT Japfa Comfeed Indonesia Tbk reported their 2020 performance. The livestock company recorded a decrease in revenue and profit last year.

In Japfa Comfeed's financial report quoted on Friday, March 5, the company's revenue with the JPFA code of shares amounted to IDR 36.96 trillion in 2020. This achievement decreased by 4.9 percent compared to the 2019 period of IDR 38.87 trillion.

In terms of expenses, actually, the burden of this company owned by the Handojo Santosa is not too different from the previous period. However, it was noted that general and administrative expenses increased slightly to IDR 3.24 trillion from the 2019 period which amounted to IDR 3.17 trillion.

Other expense items also increased from IDR 167.7 billion to IDR 236.68 billion in 2020. In addition, other income decreased to IDR 109.46 billion, whereas in 2019, Japfa Comfeed could reach IDR 158.4 billion.

Thus, profit attributable to owners of the parent entity also fell to IDR 916.7 billion, or a decrease of 48.1 percent from the previous year of IDR 1.765 trillion.

In terms of total assets, currently, Japfa is in the position of IDR 25.95 trillion or a slight decrease from the 2019 period of IDR 26.65 trillion. With details, non-current assets of IDR 14.2 trillion and current assets of IDR 11.7 trillion.

In terms of liabilities, the total in 2020 will reach IDR 14.53 trillion, down slightly from the 2019 condition of IDR 14.75 trillion. Meanwhile, long-term liabilities amounted to IDR 8.53 trillion and short-term liabilities amounted to IDR 6 trillion.

Meanwhile, the total equity amounted to IDR 11.41 trillion, down slightly from the 2019 period which amounted to IDR 11.89 trillion. Meanwhile, the condition of the company's cash and cash equivalents reached IDR 1.33 trillion, up from the 2019 position of IDR 1 trillion.

PT Japfa Comfeed Indonesia Tbk is an agri-food company. Its core activities include the manufacture of animal feed, chicken farming, poultry processing, and aquaculture. The company started commercial operations in January 1971.