Kebab Babarafi Issuers Add Two Business Lines In 2023

Share illustration (Photo: Doc. Antara)

JAKARTA - PT Sari Kreasi Boga Tbk (RAFI) or SKBFood, which is known as the Turkish Kebab Babarafi product, at the annual general meeting of shareholders (AGMS) approved the addition of two business activities in 2023, namely the bread and cake product industry as well as the processed food and food industry.

"Entering the production sector and strengthening businesses downstream is the company's initiative to increase added value, so it is also hoped that it will provide added value for shareholders," said SKBFood President Director Eko Pujianto quoting Antara.

Activities in the production and other downstream sectors, according to him, will further strengthen profits, as the company remains aggressive in the food raw material supply chain business, so that there will be a balance of revenue contribution.

He explained that the company's current contribution to the supply chain of food and beverage raw materials to the company's revenue reached 80 percent, while the remaining 20 percent was a contribution from the restaurant and franchise business, including the Turkish Kebab Babarafi.

"Strengthening the downstream sector is one of them in order to maintain the 20 percent portion of the contribution to income. Apart from of course also in order to increase product diversification, so that in this way the company continues to maintain creativity in the industry," he said.

Eko also said the company would strengthen business in foreign countries, with a number of countries becoming expansion goals, especially in Southeast Asia, Central Asia, and countries in the Middle East region.

His party ensures that Malaysia and Azerbaijan will be the initial destination for expansion, in which the company will run a business supplying food raw materials and managing branded restaurants in the two countries.

"Especially in Southeast Asia, Central Asia, and the Middle East. In essence, the business activities carried out are raw material processing in the form of restaurant operations and supply food," said Eko.

From within the country, Eko said the company would still involve micro, small and medium enterprises (MSMEs) in the culinary field, which is part of the commitment to continue to grow and develop together with other actors in the industry.

"Hopefully this effort that we are carrying out can be an additional enthusiasm for culinary MSME players in Indonesia to be more advanced and develop in the long term," said Eko.

During 2022, the company posted a net profit of IDR 12.42 billion, a decrease of 12.28 percent year on year (yoy) compared to IDR 14.16 billion in 2021.

In the same period, the company recorded revenues which increased by 220.96 percent (yoy) to Rp375.88 billion from the previous Rp117.11 billion.

The revenue of raw materials and auxiliary materials was recorded at IDR 354.14 billion, food and beverage income of IDR 19.56 billion, and franchise income of IDR 2.17 billion.