CP Prima’s 9-month net profit plunges 87%

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The net profit of Central Proteina Prima (CP Prima), Indonesia’s aquafeed, pet food, and seafood producer, plunged by 86.52% to USD 18.2 million in the first nine months of 2022 due to higher costs. The cost of goods sold increased 1.25% to USD 313.5 million while selling expenses rose 23.45% to US...

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Managing Editor and Editor of Asian Poultry Magazine.