Ultrajaya, An Ultra Milk Producer Owned By Sabana Prawirawidjaja Conglomerate, Earns Sales Profit Of IDR 1.52 Trillion In The First Quarter Of 2021

Illustration. (Photo: Unsplash)

JAKARTA - Dairy producer, PT Ultrajaya Milk Industry & Trading Company Tbk posted sales of IDR1.52 trillion in the first quarter of 2021. The sales figure of this issuer coded as ULTJ shares fell 5.59 percent compared to sales in the first quarter of 2021, which amounted to IDR1.61 trillion.

Quoted from Ultrajaya's financial report published on the information disclosure page of the Indonesia Stock Exchange (IDX), Monday, May 3, most of ULTJ's sales in the first quarter of 2021 came from beverage sales in the local market amounting to IDR 1.64 trillion. Then followed by food sales in the local market amounting to IDR 24.95 billion.

ULTJ also recorded beverage export sales of IDR 3.70 billion in the first quarter of 2021. In addition, the company owned by Sabana Prawirawidjaja conglomerate also sold food to the export market amounting to IDR 965 million.

The entire sales value was reduced by value-added tax (VAT) of IDR 151.76 billion and a performance bonus of IDR 1.18 billion. At the same time, this Ultra branded milk producer also experienced a decrease in the cost of goods sold by 0.81 percent to IDR 975.39 billion in the first quarter of 2021, compared to the same period last year of IDR 983.41 billion.

As a result, ULTJ's gross profit until the end of the first quarter of 2021 was recorded at IDR 545.70 billion or decreased by 13.40 percent compared to the company's gross profit realization in the first quarter of 2020 of IDR 983.41 billion.

Ultrajaya's operating profit also fell 5.64 percent from IDR 565.76 billion in the first quarter of 2020 to IDR 533.80 billion in the first quarter of 2021. As a result, the net profit attributable to the owners of the parent company ULTJ until the first quarter of 2021 was IDR 403.53 billion, a decrease of 7.39 percent compared to the company's net profit in the first quarter of 2020 of IDR 435.76 billion.

Meanwhile, ULTJ's total assets until the first quarter of 2021 reached IDR 9.12 trillion, or an increase of 4.22 percent compared to the company's total assets at the end of 2020 amounting to IDR 8.75 trillion.