Suara.com – A food and beverage company and various other necessities, PT Garudafood Putra Putri Jaya Tbk (GOOD) managed to record a positive performance in the first nine months of 2021.
The issuer with the GOOD code recorded an economic growth of 48.07% from IDR 211.94 billion as of September 2020 to IDR 313.83 billion as of September 2021.
This is based on the company’s financial statements released some time ago, the surge in profits was accompanied by an increase in sales value.
The company owned by the Sudhamek family recorded a 10.98% higher growth, from IDR5.74 trillion in the third quarter of 2020 to IDR6.37 trillion in the third quarter of 2021.
Also Read: Foreign Capital of IDR 710 Billion Enters Indonesia During October
Domestic sales from third parties were the biggest contributor with an increase from Rp5.35 trillion in Q320 to Rp5.94 trillion in Q321.
Meanwhile, the contribution of exports rose slightly from the previous Rp. 249.78 billion to Rp. 254.97 billion. In addition, there was also an increase in sales of domestic related parties from Rp109.23 billion to Rp149.83 billion.
Meanwhile, sales of export-related parties decreased from Rp32.08 billion to Rp25.96 billion.
Quoting from Warta Ekonomi, the increase in sales profit was supported by the efficiency of a number of expenses. Among them, the general and administrative expenses borne by Garudafood decreased from Rp426.17 billion as of September 2020 to Rp382.49 billion as of September 2021.
However, GarudaFood’s selling expenses were recorded to have swelled from Rp. 828.77 billion to Rp. 895.21 billion.
Also Read: Ahead of the weekend, JCI is opened in the red zone to position 6,620
With this pressure, GOOD was still able to pocket higher other operating income, from Rp. 83.57 billion in the third quarter of 2020 to Rp. 103.62 billion in the third quarter of 2021.
Source: Suara.com – Berita Terbaru Bisnis, Ekonomi, Investasi Indonesia by www.suara.com.
*The article has been translated based on the content of Suara.com – Berita Terbaru Bisnis, Ekonomi, Investasi Indonesia by www.suara.com. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!
*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.
*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!