Jakarta - PT Ultrajaya Milk Industry & Trading Co Tbk (ULTJ) posted sales in the first nine months of Rp4.792 trillion, up 7.85% from the same period last year, Rp4.443 trillion.

Based on the financial report published on Friday (29/10), the narrow sales growth was triggered by the high cost of goods sold by around 12.18% to Rp3.094 trillion from Rp.2.758 trillion.

Operating profit increased by around 12.11% to Rp1,259 trillion from Rp1,123 trillion. The driving force is the increase in other income by about three times or from Rp. 63.769 billion to Rp. 178.295 billion.

Until the end of September 2021, ULTJ managed to reduce the loss on sales of fixed assets by around 99.72% to Rp12 million from Rp4.378 billion.

Meanwhile, ULTJ's total assets reached Rp9.014 trillion, with cash and cash equivalents at the end of the period of IDR 2.736 trillion.