CPIN booked a relatively solid Revenue of IDR 12.1 Trillion in 3Q21(+14.2% YoY) in 3Q21. However, higher COGS resulted in lower margin turned a quarterly net loss of IDR 158 Bn. The sluggish performance was mainly attributed to Broiler segment which had a huge loss, effectively offset income from other segments. Higher corn price will remain as a huge challenge for CPIN performance in the upcoming quarters.
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