JAKARTA. The net profit of PT Garudafood Putra Putri Jaya Tbk (GOOD) throughout 2021 shifted 63.77% upwards to IDR 424.83 billion from IDR 259.41 billion reported in 2020. Thus, the current net profit per share proliferated to IDR 11.60 from IDR 7.04 per share.
In information disclosure in Indonesia Stock Exchange (IDX) yesterday (7/3), the management claimed that this profit growth went hand in hand with the increased revenue of 13.99% from IDR 7.72 trillion in 2020 to IDR 8.80 trillion by the end of 2021.
The net profit proliferation also resulted from the depleted general and administrative expenses, financial expenses, and other expenses. However, costs of sales and other costs were reportedly higher following the revenue increase. Furthermore, the net profit jump also stemmed from the growth of other income, reaching IDR 90.94 billion from IDR 67.68 billion.
Garudafood’s total assets also slightly climbed, arriving at IDR 6.77 trillion from the previous IDR 6.67 trillion. Its total equity also clocked up to IDR 3.03 trillion, while its total liabilities amounted to IDR 3.73 trillion. The company managed to collect cash and cash equivalents of IDR 904.33 billion by the end of 2021, growing from IDR 859.34 billion. (AM/ZH)