Japfa Comfeed, So Nice Sausage Producer Owned By Conglomerate Handojo Santosa Earns Revenue Of IDR 22.1 Trillion In Semester I 2021

JAKARTA - PT Japfa Comfeed Indonesia Tbk (JPFA) recorded a surge in performance in the middle of this year. The profit and income of this food processing company shot high in the first semester of 2021.

In Japfa's financial report published on the Indonesia Stock Exchange (IDX) website, quoted Monday, August 2, the company owned by the conglomerate Handojo Santosa earned a net profit of IDR 1.64 trillion in the first semester of 2021. This number increased by 426.29 percent compared to the same period last year. then only IDR 313.12 billion.

This So Nice sausage producer recorded net sales of IDR 22.10 trillion, an increase of 22.31 percent compared to the same period the previous year of IDR 18.07 trillion.

The details of the company's sales consist of commercial livestock, animal feed, processing of livestock products and consumer products, aquaculture, poultry breeding, and trading, and others.

Commercial livestock provided the largest contribution to Japfa Comfeed's sales of IDR 8.71 trillion or higher than the previous IDR 6.31 trillion. Animal feed was recorded at IDR 6.47 trillion or higher than the previous IDR 5.51 trillion.

Then, processing livestock products and consumer products was recorded at IDR 3.06 trillion or higher than the previous IDR 2.38 trillion, aquaculture was recorded at IDR 1.80 trillion or higher than the previous IDR 1.59 trillion, poultry breeding was recorded at IDR 1.44 trillion or higher. from the previous IDR 1.17 trillion, and trade and others were recorded at IDR 1.01 trillion or lower than the previous IDR 1.44 trillion.

Japfa Comfeed recorded an increase in the cost of goods sold in the first semester of 2021 to IDR 16.90 trillion compared to the same period the previous year of IDR 14.80 trillion. Selling and marketing expenses also increased to IDR 837.75 billion from the previous IDR 821.17 billion, and general and administrative expenses increased to IDR 1.67 trillion from the previous IDR 1.62 trillion.

In addition, net cash used in operating activities was recorded at IDR 367.73 billion, net cash used in investing activities was recorded at IDR 1.38 trillion, and net cash obtained from financing activities was recorded at IDR 1.52 trillion.

Japfa Comfeed Indonesia recorded liabilities of IDR 17.68 trillion and equity of IDR 12.47 trillion. The company's total assets increased to IDR 30.15 trillion compared to 2020 of IDR 25.95 trillion.