Garudafood (GOOD) Profit Increases 48 Percent Until September 2021


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.

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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.

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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.

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