Panca’s net profit jumps as sales of value-added shrimp increases

Indonesian shrimp processor and exporter Panca Mitra Multiperdana recorded a 78.3% year-on-year net profit to USD 10.2 million. Last year’s net sales came in at USD 170.6 million, a 19.5% increase from the previous year. Martinus Soesilo, President Director attributed this to increasing sales to the...