Feed-poultry Charoen Pokphand (CPIN), market leader, booked a net profit of Rp2.28 trillion in the first nine months (9M) to Sept. of 2020, declined 11% from Rp2.56 trillion in the corresponding period of 2019, as revenue declined 1.4% to Rp43.3 trillion and operating profit fell 9% to Rp3.12 trillion. In the third quarter (Q3) of 2020, CPIN booked a net profit of Rp628 billion, a 25% decline year on year (y/y).
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