CPIN Feed Product Sales Reached IDR18.84Trn

Poultry company, Charoen Pokphand Indonesia, Tbk (CPIN IJ), report a financial 3Q18 were positive. CPIN noted a rise in profit period running up 79.4% so IDR3.47Trn from the same period last year at IDR1.93Trn. Citing financial reports available at Indonesia Stock Exchange (IDX) page, Thursday (01/11/18), income CPIN until 3Q18 increase 5.08% so IDR39.39Trn from the same period last year at IDR47.48Trn.

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CPIN income primarily contributed by the feed product sales rose 1.9% YoY to IDR18.84Trn from IDR18.49Trn. Then there is the broiler sales rise 6.38% YoY to IDR11.48Trn from IDR10.79Trn. Sales of Day Old Chicken (DOC) rose 17.6% YoY to become worth IDR4.46Trn from IDR3.79Trn.

Processed chicken sales up 9% to worth IDR3.25Trn from IDR2.98Trn, and the last is the other product sales were down 4.84% to IDR1.36Trn from IDR1.43Trn. As for the cost of goods sold until September 2018 do not change much from the same period last year in which this time is recorded at IDR32.50Trn, down thin 1.34% YoY from IDR32.94Trn.

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