Ultrajaya, Producer Of Ultra Milk And Boxed Tea Owned By Conglomerate Sabana Prawirawidjaja Earns IDR 3.06 Trillion Revenue

Illustration. (Photo: Doc. Ultrajaya)

JAKARTA - PT Ultrajaya Milk Industry Tbk (ULTJ) achieved performance growth in the first six months of this year. The income and profit of this Ultra milk producer grew in the first semester of 2021.

In Ultrajaya's financial report published on the Indonesia Stock Exchange (IDX) website, quoted on Tuesday, August 3, the company owned by the conglomerate Sabana Prawirawidjaja was recorded at IDR 3.06 trillion in the first semester of 2021, up from IDR 3.00 trillion compared to the same period the previous year.

As for the increase in the cost of goods to IDR 1.97 trillion from IDR 1.88 trillion, gross profit fell to IDR 1.09 trillion from IDR 1.13 trillion gross profit. Meanwhile, operating expenses decreased to IDR 228.10 billion from IDR 383.19 billion, and operating profit increased to IDR 866.16 billion from an operating profit of IDR 743.84 billion.

Ultrajaya's profit before tax expense reached IDR 836.66 billion, up from profit before tax of IDR 782.05 billion. Then, profit for the year attributable to owners of the parent company was recorded at IDR 660.29 billion, up from a profit of IDR 590.36 billion the previous year.

The company's total assets reached IDR 9.30 trillion for the period of June 30, 2021. This achievement increased from total assets of IDR 8.75 trillion as of December 31, 2020.

Ultrajaya is a company engaged in the food and beverage industry. In the beverage section, the Company produces various beverages such as milk, fruit juices, teas, traditional drinks, 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 by direct selling, indirect selling, and modern trading.

The company's products that are popular in the market are Ultra Milk and Teh Kotak, and Sari Kacang Hijau.