Company Report | The Broiler Segment Leads 3Q22 Performance

Coal Average Selling Price Increase

In 3Q22, CPIN posted a revenue of IDR14.8 trillion (+3.2% QoQ; +22.1% YoY). The Broiler segment led the growth by 28.1% YoY amid pressure on high input costs (corn and soybean meal) to IDR7.9 trillion, followed by the Processed Chicken segment revenue that grew by 25.6% YoY, the Feed segment grew by 14.3% YoY, and other segments grew by 13.2% YoY. However, the Day-Old Chicks segment got contracted by 8.2% YoY. Additionally, the net profit in 3Q22 was able to reserve positively to IDR768.8 billion from the previous 3Q21, which recorded a loss of IDR157.0 billion.

Asset Growth

In 3Q22, CPIN posted a revenue of IDR14.8 trillion (+3.2% QoQ; +22.1% YoY). The Broiler segment led the growth by 28.1% YoY amid pressure on high input costs (corn and soybean meal) to IDR7.9 trillion, followed by the Processed Chicken segment revenue that grew by 25.6% YoY, the Feed segment grew by 14.3% YoY, and other segments grew by 13.2% YoY.