Milk processor Ultrajaya Milk (ULTJ) suffered 11% year-on-year decline of sales revenues in third quarter 2020, but net profit increased by 25.3% to Rp383 billion. In the first nine months of 2020, sales revenues declined slightly by 2.9% year-on-year, while net profit increased by 15.2% to Rp938 billion. To subscribe please click here