Those Turn to Positive & Jump in Profit

Sinarmas Group may have suffered from falling prices of crude palm oil, but its pulp and paper subsidiary Indah Kiat generated net profit of US$340.5 million in the first half, skyrocketed 98.8% from the corresponding period last year. Feed producer Sierad Produce, electronic products retailer Electronic City, ice cream producer Campina, and consumer goods producer Kino Indonesia were all gainers in the period.

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FY17 Results: Feed Producer & Property

Feed producer Charoen Pokphand Indonesia (CPIN) booked a net profit of Rp2.49 trillion in 2017; it grew 12% from Rp2.22 trillion in 2016. Net sales rose 28.9% to Rp49.36 trillion from Rp38.25 trillion. But higher costs hit operating profit, declining 15.8% to Rp3.71 trillion from earlier Rp4.42 trillion.

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