Company Report | High Raw Material Costs Caused Loss in 4Q22

Coal Average Selling Price Increase

JPFA posted 4Q22 sales of IDR12.2 trillion (-1.1% QoQ; +0.9% YoY). Gross profit contracted by 26.1% YoY to IDR 1.5 trillion in 4Q22 due to higher production costs (+13.5% YoY), resulting in a lower GPM of 12.6%. As for 4Q22, JPFA posted a net loss of IDR8.4 billion (-102.7% QoQ; -101.6% YoY), bringing NPM to -0.1%. Meanwhile, the Aquaculture segment led the sales growth in FY22 at 20.5% YoY, followed by Poultry Processing and Consumer Products segment, which grew 18.5% YoY.

Asset Growth

JPFA posted 4Q22 sales of IDR12.2 trillion (-1.1% QoQ; +0.9% YoY). Gross profit contracted by 26.1% YoY to IDR 1.5 trillion in 4Q22 due to higher production costs (+13.5% YoY), resulting in a lower GPM of 12.6%.