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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