August 4, 2011

PT Ultra Jaya Milk Industry's sales increase in H1

Indonesian dairy producer PT Ultra Jaya Milk Industry's sales amounted IDR976.4 billion (US$115.2 million) from January-June this year, or a 7% increase from the last H1.

A 5-10% hike in selling prices was the main factor driving the sales, company's spokesman Eddi Kurniadi said.

Growing demand for dairy products also contributed to the rise in sales, Kurniadi said.

Last year Indonesia's per capital consumption of milk was around 9-10 litres, far below per capita consumption in Malaysia, Singapore and Thailand, he said.