Prochiz Cheese Producer Garudafood Business Entity Owned By Sudhamek Agoeng Waspodo Conglomerate Generates Profit Of Rp144.7 Billion

JAKARTA - Prochiz cheese producer PT Mulia Boga Raya Tbk managed to increase its profit throughout 2021. This achievement is in line with net sales growth of 8.44 percent from IDR 961.22 billion to IDR 1.04 trillion.

In the company's annual report released Tuesday, March 8, Mulia Boga's management explained, in 2021, block cheese will still be the largest contributor to Mulia Boga's sales with a total value of IDR 887.40 billion or 85.14 percent of total net sales.

Then followed by the sale of Cheese Sheets amounting to IDR 141.39 billion which took a contribution portion of 13.57 percent of total net sales.

On that note, Mulia Boga's net profit will increase to 19.59 percent in 2021. Its value reaches IDR 144.7 billion.

Mulia Boga's management also said that the company's largest sales market share in 2021 will still come from domestic sales.

"The enthusiasm of the Indonesian people for quality cheese products is reflected in the high number of domestic cheese sales, which account for the sales contribution portion of up to 93.58 percent of total sales", said the management of Boga Mulia.

This year, the company that is part of PT Garudafood Putra Putri Jaya Tbk owned by conglomerate Sudhamek Agoeng Waspodo is increasingly optimistic that its performance can still grow. This optimism is in line with the projection of economic growth in 2022 which is targeted to reach the range of 5.2 percent, strengthening compared to the realization of growth in 2021 of 3.69%.

Mulia Boga's management views that the national economic recovery is predicted to continue in 2022, supported by strengthening investment and exports as well as the continued recovery in public consumption.

"This prediction is certainly a breath of fresh air and brings new hope for business people, especially those whose businesses are directly affected during the pandemic", wrote Mulia Boga's management.

Based on the performance achievements that have been achieved in 2021 and the trend of positive economic recovery, Mulia Boga's management believes that the potential for Prochiz's business growth is still quite high for the next 2-3 years.

As is known, Mulia Moga is a producer of Prochiz cheese, which is a business entity of Garudafood. As of December 31, 2021, Garudafood has 66.07 percent share ownership with this KEJU code.