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BUDI net profit soars 333%

05 May 2021 08:49

JAKARTA. PT Budi Starch & Sweetener Tbk. (BUDI) posted a satisfactory performance growth in the first quarter of 2021, with a profit for the year of IDR 29 billion or a 333% increase from the previous achievement of IDR 6.6 billion.

Based on the financial report, the profit for the tapioca flour producer company was obtained in line with the increase in revenue by Rp904.33 billion, or 32.9% higher than the IDR 680 billion achieved in the first quarter of 2020. Meanwhile, the cost of goods sold increased to IDR 777.4 billion from IDR 603 billion.

BUDI has total liabilities of IDR 1.64 trillion at the end of March 2021, with total assets in the position of IDR 2.99 trillion. Total liabilities and total assets are relatively stable compared to the same period in 2020. (AM/LM)

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