JPFA managed to book 4Q23 revenue of IDR13.4 trillion, bringing cumulative FY23 revenue to IDR51.2 trillion (+4.5% YoY) on the back of 3.3% YoY increase in feed volume and higher Average Selling Price (ASP).
The recovery was evident in SIDO’s 4Q23 performance, where QoQ sales were able to increase higher by 70% to IDR 1.2 trillion (vs. 3Q23: IDR 707.5 billion), supported by better demand, especially in the Herbal Medicine and Supplement segment.
MAPI successfully managed to book 9M23 sales growth of 26.4% YoY to IDR 23.8 trillion, with all segments showing growth. 9M23 GPM managed to increase to 45.6%, in line with
9M23 gross profit growth of 27.9% YoY to IDR 10.9 trillion.
Established in 1973, PT Tunas Baru Lampung Tbk is one of Sungai Budi’s group members which was formed in 1947 and became one of the pioneers of the agriculture industry in Indonesia. TBLA has two main businesses including palm oil, sugarcane, and sugar with contributions of around 73% and 27% to total revenue in 2022.
MYOR managed to book 9M23 sales of IDR 22.9 trillion, an increase of 3.0% YoY. Domestic sales increased slightly by 0.7% YoY, while exports were able to grow higher by 6.1% YoY. Regarding the bottom line, 9M23 net profit increased 86.8% YoY to IDR2.0 trillion and brought NPM recorded up to 8.9% (vs 9M22: 4.9%).
INDF managed to book 9M23 sales growth of 3.8% YoY to IDR83.9 trillion, this growth was driven by CBP segment growth (+4.8% YoY). 9M23 net profit managed to grow 52.4% YoY to IDR 7.1 trillion followed by NPM expansion to a higher level of 8.4%.
ICBP managed to book 9M23 sales growth of 4.9% YoY to IDR 51.3 trillion, followed by net profit that significantly grew by 113.3% YoY to IDR 7.1 trillion (vs. 9M22: IDR 3.3 trillion) driven by
unrealized forex gains arising from financing activities.
KLBF booked 3Q23 sales of Rp7.4 trillion and cumulative 9M23 sales managed to increase 6.5% YoY driven by growing domestic and export sales.
Throughout 9M23, SIDO posted a 10% YoY decline to IDR 2.4 trillion, this was driven by weaker sales from all segments. Net profit for 9M23 also decreased by 19% YoY to IDR 586.6 billion.
