PT Estika Tata Tiara Tbk (BEEF) posted sales of Rp43.60 billion in the first quarter of 2021, down 88.32% compared to the same period last year of Rp373.42 billion.

Based on the financial report on the Indonesia Stock Exchange (IDX) on Wednesday (7/7), BEEF received income from the offal meat and imported beef products segment of Rp14.83 billion and offal meat and local beef products of Rp671.35 million in the first quarter of 2016. 2021.

BEEF also obtained sales of advanced products of Rp27.81 billion and biological assets of Rp238.74 million. As a result, BEEF's cost of goods sold was recorded at Rp41.51 billion in the first quarter of 2021 or decreased by 91.74% (YoY) compared to the company's cost of goods sold in the first quarter of 2020 of Rp502.77 billion.

Thus, BEEF achieved a gross profit of Rp2.09 billion in the first quarter of 2021. Meanwhile, in the first quarter of 2020, BEEF suffered a gross loss of Rp129.35 billion.

BE