JAKARTA - PT Ultrajaya Milk Industry & Trading Company Tbk posted an improvement in profit performance in 2020. The company coded ULTJ shares booked a profit for the current period attributable to owners of the parent entity at the end of 2020 amounting to Rp1.09 trillion.
Quoted from Ultrajaya's financial report, Wednesday, April 7, the achievement grew 6.53 percent, compared to the profit at the end of 2019 worth Rp1.03 trillion.
Despite the profit growth, sales of companies owned by sabana Prawirawidjaja conglomerate in the midst of the COVID-19 pandemic actually decreased by 4.10 percent to Rp 5.96 trillion until the end of 2020, compared to the same period in 2019 worth Rp6.22 trillion.
The cost of sales of the 34th richest person-owned company in Indonesia also weakened 3.66 percent to Rp3.73 trillion from Rp 3.88 trillion previously. As a result, the company's gross profit was recorded at Rp2.22 trillion or decreased 4.84 percent from the same period in the previous year which recorded Rp2.34 trillion.
Meanwhile, Ultrajaya's total assets as of December 31, 2020 reached Rp5.59 trillion, an increase of 50.49 percent from December 31, 2019 of Rp3.71 trillion. While the company's liabilities amounted to Rp3.97 trillion, an increase of 316 percent from the original Rp953 billion and total equity decreased 15.44 percent to Rp4.78 trillion from the previous Rp5.65 trillion.
Ultrjaya is engaged in the food and beverage industry. In the beverage section, the company produces a variety of beverages such as milk, fruit juices, teas, traditional beverages and health drinks, which are produced with UHT (Ultra High Temperature) technology, and packaged in aseptic packaging materials.
In the food section, the company produces sweetened condensed milk, powdered milk, and tropical fruit juice concentrates. The company markets all of its products with direct sales, indirect sales, and modern trading.
The company's popular products on the market are Ultra Milk and Tea Box, and Green Bean Juice.
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