Fiki Ariyanti
IDXChannel - PT Ultrajaya Milk Industry & Trading Company Tbk (ULTJ) recorded a net profit of Rp358.06 billion in the first quarter of 2023, up 20.34 percent compared to the same period in 2022.
From the financial report for the first quarter of 2023, the increase was driven by increasing sales that grew 21.63 percent from Rp1.83 trillion in the first quarter of 2022 to Rp2.23 trillion in the first three months of 2023.
Meanwhile, the cost of goods sold increased to Rp1.49 trillion in the first quarter of 2023 from Rp1.22 trillion in the first three months of last year.
Thus, the company's gross profit was Rp740.29 billion, increasing from Rp615.44 billion last year.
The company's total equity in the first quarter reached Rp6.17 trillion. In the previous quarter, it reached Rp5.82 trillion.
Meanwhile, the value of liabilities was recorded to have decreased from last year's position of Rp1.55 trillion to Rp1.29 trillion in the first three months of 2023.
Furthermore, total assets in the first quarter of 2023 reached 7.47 trillion, an increase compared to the final position in 2022 which stood at RP7.37 trillion. (WHY)
