WMU posts net loss on slowing sales


Indonesia’s Widodo Makmur Unggas (WMU) posted a net loss of USD 1.7 million in Q1 2023, a drop from the USD 2.7 million net profit it reported the previous year. It blamed the loss on a decline in sales to USD 8.3 million, down 80.2% yoy. Dressed chicken dominated sales at USD 4.1 million, followed...

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