KONTAN.CO.ID-JAKARTA. PT Charoen Pokphand Indonesia Tbk (CPIN)'s net profit in 2023 is under pressure due to the soaring price of corn and the falling price of broiler chickens and day-old chickens (DOC). CPIN recorded a net profit for the year attributable to the parent entity of IDR 2.31 trillion. This is down 20.82% year on year (YoY) from IDR 2.92 trillion in 2022. However, this poultry issuer recorded a net revenue growth of 8.35% YoY to IDR 61.61 trillion. In 2022, CPIN earned a net revenue of IDR 56.86 trillion.
Net Profit of Charoen Pokphand (CPIN) Plummets, Check Its Stock Recommendations
KONTAN.CO.ID-JAKARTA. PT Charoen Pokphand Indonesia Tbk (CPIN)'s net profit in 2023 is under pressure due to the soaring price of corn and the falling price of broiler chickens and day-old chickens (DOC). CPIN recorded a net profit for the year attributable to the parent entity of IDR 2.31 trillion. This is down 20.82% year on year (YoY) from IDR 2.92 trillion in 2022. However, this poultry issuer recorded a net revenue growth of 8.35% YoY to IDR 61.61 trillion. In 2022, CPIN earned a net revenue of IDR 56.86 trillion.