CP Indonesia’s Q1 profit increases, but sales drop

May 22, 2020

Charoen Pokphand Indonesia’s Q1 profit attributable to owners of the parent increased by 13.6% year-on-year to USD 62.44 million. But its net sales dropped by 7.4% to USD 940 million as some business segments recorded decreased sales. Revenue from its feed segment contracted to USD 444.2 million, broiler segment to USD 268 million, and DOC segment to USD 101.5 million. Meanwhile, revenue of processed chicken segment rose to USD 94.1 million.