Indonesian poultry integrators record positive performance in 2011
Indonesian poultry integrators such as PT Charoen Pokphand Indonesia, PT Japfa Comfeed Indonesia, PT Sierad Produce and PT Malindo Feedmill have recorded positive performances for the third quarter up until September 2011.
In first place, PT Charoen Pokphand Indonesia posted revenue of IDR 13.49 trillion or rose 24%, but the net profit margin fell from 15.08% to 14.30%.
The sales of PT Japfa Comfeed Indonesia (Japfa) rose 15% to IDR 11.87 trillion, but the net profit margin fell from 5.85% to 4.55%. Besides that, Japfa has allocated IDR 750 billion or 75% of the bond continuing phase I/2012 which amounted to IDR 1 trillion for the company’s capital expenditure. The capital expenditure will be used to the development of feed mill facilities, chicken breeding, commercial chicken farming and poultry slaughter house in Sumatera, Java and Kalimantan.
PT Sierad Produce recorded a revenue increase of 13% to IDR 3.07 trillion, but the net profit margin fell from 1.80% to 0.71%.
Furthermore the net income of PT Malindo Feedmill rose 35.73% to IDR 152.17 billion. Of the net income, feed accounts for 66%, DOC 18%, broiler 11% and the rest is from other businesses.
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