JAKARTA - PT Charoen Pokphand Indonesia Tbk (CPIN) aims to increase 10% of revenues by the end of 2019 from the achievement in 2018. The company is optimistic to reach the target revenues considering the increase in chicken price after Eid Mubarak this year.
Tjiu Thomas Effendy, President Director of PT Charoen Pokphand Indonesia Tbk (CPIN) stated that the contribution of target revenues would be from volume production by 6% and price by 4%. “In the first quarter of 2019, the profit decreased, when it compared to the same period in 2018 due to the decrease in product price towards the election,” he said.
According to Effendy, the company’s profit will increase in the second quarter of 2019, especially after Eid Mubarak, as the chicken price keeps increasing from the first quarter in 2019. (LK/W)