JAKARTA - PT Ultrajaya Milk Industry & Trading Company Tbk (ULTJ) posted 12.16% profit surge in the first half of 2023. However, its net profit margin (NPM) dropped from the same period last year.

The H1 2023 Financial Report of ULTJ quoted Monday (31/7) shows that this issuer booked revenue of IDR 4.13 trillion, shifting from IDR 3.69 trillion seen in the same period in 2022. The gross profit was recorded at IDR 1.34 trillion, slightly up from IDR 1.27 trillion.

ULTJ’s sales, if including the total value-added tax (VAT), reached IDR 4.59 trillion. They were made up of beverages sales of IDR 4.54 trillion and foods sales of IDR 44.76 billion. The export of beverages generated IDR 6.41 billion, while the export of food contributed IDR 3.12 billion. VAT clocked up to IDR 454.82 billion and performance bonus was IDR 4.62 billion.

In the first half of 2022, ULTJ’s total sales, including VAT, were IDR 4.06 trillion. The primary contributor was beverages sales of IDR 4 trillion and foods sales of IDR 50.15 billion. The export sales of beverages were IDR 5.01 billion, whereas food export of IDR 1.37 billon. VAT reached IDR 369 billion, and the performance was IDR 5.52 billion.

The company recorded operating profit of IDR 763.70 billion, down from IDR 798.48 billion, while the current year’s net profit shifted from IDR 608.39 billion to IDR 615.90 billion, thanks to the decreased income expenses. The NPM was recorded at 14.87%, lower than the NPM seen in H1 2022 of 16.48%. (LK/ZH)