WMU posts net loss on slowing sales

105

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...

Sign in  as a member, or Join our Community  for free to unlock the full article.