Rocketing frozen seafood sales

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sekar bumi
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Rising global food prices did not affect Sekar Bumi, as the Company’s raw fish comes from domestic fisheries, as Howard explained. “We can still maintain the supply regularly. Despite the price increase and higher price of imported components, such as wheat, we are relatively stable. To overcome the price increase and stay affordable, we try to economize on packaging and look for raw materials substitution,” he explained. Having managed the pandemic well, Sekar Bumi is confident it will be a more adaptive and flexible company, enabling it to survive in difficult conditions. 

In the consolidated financial statements released as of December 31, 2021, the Company recorded a significant increase in sales, compared to the last five years. PT Sekar Bumi Tbk experienced over 100 percent sales growth in 2017, from IDR 1.8 trillion to IDR 3.85 trillion in 2021. Frozen processed seafood with added value was the biggest contributor to the increase. The sales growth boosted the net profit after tax by 448.5 percent, from IDR 5.4 billion last year to IDR 29.7 billion this year. 

Harry also mentioned that the construction of shrimp processing factories in Tangerang and Sidoarjo had helped shape the outstanding performance. SKBM has been acknowledged as an approved supplier of supermarkets (retailers) in the United States, such as Walmart, Costco, Kroger, Ahold, Publix, Aldi, Woolworths, and others. “PT Sekar Bumi Tbk has gained international recognition and certificates, such as Best Aquaculture Practice 4-Star, for our integrated shrimp production from shrimp fry, feed, ponds and factories. Our company’s traceability system is able to support the Company’s advantages. “We continue to boost the domestic market and maintain our strength in the export market, by innovating fishery products,” ended Harry.