Feed producer Charoen Pokphand (CPIN) allocates capital expenditure (capex) of Rp1.1 trillion for this year, used to funding the maintenance and new expansion. This year’s capex is relatively equal with last year’s capex. CPIN also plans to acquire 7-Eleven business in Indonesia, but the fund for acquisition will not utilise the said capex. By December 2016, CPIN’s cash and cash equivalent of Rp2.5 trillion, grew by 48.81% year on year, compared to Rp1.68 trillion by December 2015. In the first quarter (Q1) of 2017, CPIN booked sales of Rp12.01 trillion, grew 29.98% from Rp9.24 billion in the same period of 2016.
