Tuesday, 30 April 2019

GMS Perdana Garudafood Report About the Company's Performance for 2018 Book Year

Jakarta, 30th April 2018 - PT Garudafood Putra Putri Jaya Tbk (Garudafood) with the stock code "GOOD" today held an Annual General Meeting of Shareholders (AGM) which was continued with the Extraordinary General Meeting of Shareholders (EGM) and ended with Exposure The first annual public after the October 2018 IPO. The 5 AGMS agendas, one of which was to discuss dividend distribution of Rp. 17 per share which will be distributed in May 2018. In addition, the Company also recorded a growth of 7.6% or Rp. 568 billion. . The sales contribution in 2018 was dominated by the food segment, which amounted to 85.12% and was geographically sourced from the domestic market at 93.95%.

"In 2018, we can grow by about 7.6%, besides that, Net Profit before the effect of adjusting merging entity profits also grew 19.01% or Rp68 billion to Rp425.48 billion. Of this profit, which is attributable to the parent owner of Rp404.93 billion and this increased from the previous year. For earnings per share, it also grew by 10.03% to IDR 56.79 per share, said Paulus Tedjosutikno, Director of Garudafood at Arosa-Jakarta Hotel (30/4).

In addition, total Company assets in 2018 grew by 18.19% or Rp. 648 billion. Total Liabilities decreased compared to last year, which was -25.25% or decreased by -582 billion. Total Equity grew by 97.7% or amounting to Rp1,230 billion. For the Company financial ratio in 2018 for  Current Ratio of 1.18 times; Debt to Equity Ratio is 0.21 times; The Company Debt Service Coverage Ratio is 8.84 times and Debt to Ebitda Ratio is 0.61 times.

As for the related use of the initial public offering fund after deducting the cost of emissions, the total revenue of the initial public offering is IDR 37.33 billion, all of which will be used for additional working capital and development of the Company.

Nowadays, Garudafood operates 4 (four) production facilities spread across Java, namely 1 (one) location in Rancaekek, West Java; 2 (two) locations in Pati, Central Java; and 1 (one) location in Gresik, East Java. The average utilization reaches 70% of the total capacity to support the production of products produced by the Company. All of the Company's production facilities are equipped with Halal certificates, ISO 22000: Food Safety Management System and SNI certificates (Indonesian National Standards) for all Biscuit products.

"The Company consistently develops innovative products from time to time, which are characterized with several products that we launched earlier this year, including: Clevo drinks milk-flavor chocolate ice cream, Gery Malkist Gandum, Gery Saluut Malkist chocolate coconut sprinkles. In addition, we also develop new marketing methods through cooperation with one of the leading e-commerce in Indonesia, " Paulus Tedjosutikno, Director of Garudafood said.


At the same time, Garudafood also bring about the EGMS with the change of decision approve the amendment to the articles of association and the approval of 2 commissioners to improve the supervisory function of the Board of Commissioners on the performance of the Company's Board of Directors which initially 3 people to 5 people.

So that the composition of the management of the Company after the end of the Meeting is as follows:

1.    President Commissione         : Sudhamek Agoeng Waspodo Soenjoto
2.    Commissioner                       : Hartono Atmadja
3.    Independent Commissioner    : Dorodjatun Kuntjoro-Jakti
4.    Commissioner                      : Atiff Ibrahim Gill
5.    Independent Commissioner   : Guy-Pierre Girin

1.    President Director                : Hardianto Atmadja
2.    Director                               : Robert Chandrakelana Adjie
3.    Director                               : Johannes Setiadharma
4.    Director                               : Paulus Tedjosutikno
5.    Director                               : Fransiskus Johny Soegiarto
6.    Independent Director             : Rudy Brigianto