PT Ultrajaya Milk Industry & Trading Company Tbk posted an increase in profit of 6.53% in 2020.

Based on financial reports as of December 2021, the company with the issuer code ULTJ posted revenues of Rp5.96 trillion. The realization was down 6.22% compared to the achievement in the previous year of Rp6.22 trillion.

The decrease in the number of expenses was able to lift the company's profit by 6.53% YoY to Rp1.09 trillion from the previous Rp1.03 trillion.

ULTJ's main revenue contributor still comes from beverage sales worth Rp6.45 trillion. However, the realization weakened 3.73% compared to 2019, amounting to Rp6.70 trillion.

On the other hand, ULTJ's beverage exports rose 5.89% to Rp12.95 billion from the previous Rp12.23 billion. Meanwhile, the domestic market's food sales decreased 16.76% YoY to Rp108.59 billion, and exports fell further 75.09% to Rp2.83 billion.

In terms of total assets, Ultrajaya posted an increase of 32.47% YoY to Rp8.75 trillion at the end of 2020. The company's liabilities swelled 316.71% to Rp3.97 trillion from previously Rp953.28 billion, while equity fell 15.44% to Rp4. 78 trillion.