Sierad books good H1 performance

August 15, 2019

Indonesian poultry integrator Sierad Produce has registered positive financial performance in H1 2019. Its net sales increased 35.21% yoy to USD 135.3 million. President Director Tommy Wattimena attributed the good performance to currency stability, imported soybean meal prices and corn supply. This stability was also supported by increasing demand. According to the company, the H1 net sales was dominated by animal feed sales at USD 87.4 million, followed by sales from commercial poultry farms at USD 27.4 million.