Malindo targets 15% revenue increase

July 12, 2018

Indonesian poultry integrator Malindo Feedmill targets a 15% revenue increase this year to around USD 435 million. Rudy Hartono Husin, Director told Asian Agribiz during the company’s public expose in Jakarta, that higher chicken meat consumption and good sales performance during the fasting month in May-June this year are the main reasons for the target. To realise the target, Malindo has allocated around USD 22 million for capital expenditure (capex). The capex will be used to develop the company’s feed production, chicken breeding, chicken farming, chicken processing and food production businesses.