Feed-poultry Charoen Pokphand (CPIN), market leader, booked net profit of Rp3.63 trillion in 2019, declined 20% from Rp4.55 trillion in 2018 due to higher cost of goods sold. Sales grew 8.67% to Rp58.63 trillion from the previous Rp53.96 trillion. The cost of goods sold rose 11% to Rp50.5 trillion from earlier Rp44.8 trillion.

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