Charoen Pokphand Net Profit IDR 1.65 Trillion
Charoen Pokphand Net Profit IDR 1.65 Trillion. Poultry issuer Charoen Pokphand Indonesia Tbk (CPIN IJ) recorded a net profit of IDR 1.65 trillion in 1H20. Based on the financial report, the company posted a net profit per share of IDR 1.65 trillion, down from last year’s IDR 1.72 trillion.
This means that the earnings per share will be IDR 101 from the IDR 105 position. The decrease in net profit was due to the corrected income. In 1H20 the issuer coded CPIN shares booked IDR 27.60 trillion. As for last year, the previous year’s income was IDR 29.57 trillion. Meanwhile, cost of goods was recorded to have decreased to IDR 23.95 trillion from the position of IDR 25.92 trillion.
- Charoen Pokphand Net income Growth Almost 60%
- Bond Credit Rating in A Week
- Government Stimulus for Corporate Loan
In addition, Charoen Pokphand received income from financial income of IDR 27.57 billion and foreign exchange profit of IDR 10.13 billion. Charoen Pokphand is noted to have total liabilities of IDR 9.27 trillion. Short-term liabilities contributed IDR 6.03 trillion and IDR 3.24 trillion long-term.
Company’s total assets reached IDR 32 trillion with current assets of IDR 15.21 trillion and non-current assets of IDR 16.79 trillion. Meanwhile, Charoen Pokphand is still able to maintain profit margins amid the spread of the Covid-19 pandemic domestically. This is because the poultry issuer is still able to record a positive net profit performance.
Charoen Pokphand Average Selling Price
The development of the processed chicken segment business which is positive every year can have the opportunity to make a greater contribution to total revenue. Charoen Pokphand’s net profit growth projection to be 19% in 2020. This estimate is supported by improvements in average selling prices.
As well as recovery in demand, and the company’s efforts to withstand rising costs. On the other hand, government intervention to continue to stabilize supply in the market also supports the performance of this industry.