Coal Average Selling Price Increase JPFA managed to book 4Q23 revenue of IDR13.4 trillion, bringing cumulative FY23 revenue to IDR51.2 trillion (+4.5% YoY) on the back of 3.3% YoY increase in feed volume and higher Average Selling Price (ASP). Amid rising food prices, JPFA’s local sales in 4Q23 managed to reach IDR13.2 trillion (-1.9% QoQ; +9.9% YoY). On the bottom line, JPFA recorded a loss of IDR 7.5 billion in 4Q23 due to higher finance costs (+12.8% YoY), resulting in NPM of -0.1% (vs 3Q23: 6.3% and 4Q22: -0.1%). In terms of downstream business, JPFA will continue to strengthen its downstream business through the development of poultry processing and consumer products businesses, as well as driving retail sales growth through both offline and online retail outlets. Asset Growth JPFA managed to book 4Q23 revenue of IDR13.4 trillion, bringing cumulative FY23 revenue to IDR51.2 trillion (+4.5% YoY) on the back of 3.3% YoY increase in feed volume and higher Average Selling Price (ASP). |
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