Strengthening Top Line, Weakening Bottom Line
MAIN posted 9M19’s revenue of IDR5.7 trillion (+17.2% YoY) dominated by increasing sales to IDR3.8 trillion (+37.4% YoY) contributed by the animal feeds segment and rising sales to IDR1.1 trillion (+16.6% YoY) contributed by the DOC segment. Yet, the costs of revenues surpassed increasing revenues of IDR5 trillion (+20.3% YoY), while financial costs increased dramatically to IDR134 billion (+47.9% YoY). Those costs throttled away MAIN’s net profits to IDR129 billion (-12.3% YoY).
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