Feed producers Charoen Pokphand (CPIN) and Japfa Comfeed (JPFA) reported impressive earnings for the period of Jan-Sep (9M) of 2018, thanks to revenues growth and a jump in operating profits. CPIN reported flat cost of goods sold at over Rp32 trillion while JPFA’s cost of goods sold only rose 10%, lower than its revenues growth of 19%.
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