Feed producer Malindo Feedmill (MAIN) reported a 52.5% drop in net profit, to Rp24.85 billion for the first quarter (Q1) of 2017, compared to the same period of 2016. Sales revenues declined 2.3% to Rp1.27 trillion while operating profit fell 44.78% to Rp62.12 billion. MAIN’s assets reached Rp4.04 trillion as at March 2017 while liability amounted Rp2.17 trillion.
