Sales drop leads to WMU’s net loss

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Widodo Makmur Unggas (WMU) posted a net loss of USD 610,000 in 2022, plummeting from a profit of USD 14.3 million in 2021. Similarly, the Indonesian poultry integrator’s sales dropped by 20% to USD 167 million last year. Although its cost of goods sold decreased to USD 154.7 million, its operating ...

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