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News: revenue

WMU to build chicken slaughterhouses to double income

Indonesian poultry integrator Widodo Makmur Unggas (WMU) hopes to double its income in 2022. To realize this, CEO Ali Mas’adi said WMU will set...

Leong Hup slips into the red in Q3

Malaysia-based Leong Hup International posted a net loss of USD 12.7 million for Q3 2021 against a net profit of nearly USD 5.4 million...

Bangkok Ranch posts loss in Q3 on higher costs

Bangkok Ranch (BR) reported a net loss of nearly USD 1 million in Q3 2021, hurt by rising sales costs and administrative expenses. These...

Slaughterhouse closure contributes to Thaifoods loss in Q3

Thailand’s Thaifoods Group reported a net loss of USD 13.9 million in Q3 2021, hurt by the temporary closure of its chicken slaughterhouse in...

GFPT posts Q3 loss on lower sales, high feed costs

Thailand’s GFPT reported a net loss of USD 2.7 million in Q3 2021 due to lower sales and higher feed raw material prices. Sales...

Thai Union’s Q3 net profit down 5% on Covid disruptions

Thai Union Group (TU) reported a net profit of USD 58.61 million in Q3 2021, down 5.8% year-on-year (yoy), hurt by higher logistic costs,...

AEV’s food business posts a 54% rise in income

The non-listed food subsidiaries of Aboitiz Equity Ventures (AEV) contributed USD 29.7 million to AEV’s January-September 2021 income, up 54% year-on-year. These include Pilmico...

TFM sets USD150m revenue target for 2022

​Thai Union Feedmill (TFM) is aiming for USD 150.2 million in revenue next year, up from about USD 144 million this year. Higher feed...

TFM targets aquafeed market with funds from listing

Thai Union Feedmill (TFM) earned USD 35.3 million after listing on the Stock Exchange of Thailand on October 29. Part of the proceeds, USD...

CP Pokphand expects USD15-20m loss

CP Pokphand expects a consolidated loss of USD 15-20 million for January-September 2021 period, compared to a USD 496 million profit the year before....

Japfa Comfeed revenue, net profit to increase this year

Japfa Comfeed Indonesia’s revenue and net profit could hit USD 3.04 billion and USD 135.37 million, respectively, in 2021, said Samuel Sekuritas. Muhammad Farras...

Japfa Comfeed revenue to reach USD 3.04 billion in 2021

Recovery in feed and commercial broiler sectors is expected to help Japfa Comfeed Indonesia reach record profits this year. Japfa Comfeed Indonesia’s revenue and net...

WMU’s business unshaken by corn price increase

Indonesian poultry integrator Widodo Makmur Unggas (WMU) claims that the rising price of local feed corn does not significantly affect its business performance. CEO...

Sreeya Sewu eyes 50% of revenue from food processing

Poultry integrator Sreeya Sewu Indonesia targets a 50% revenue contribution from its food processing business in the future. It is expanding the business and...

India’s broiler production recovers, but not up to 2019 level

Rabobank sees India’s broiler production in 2021 may fall short of touching 2019 levels due to Covid-related disruptions. Poultry integrators are expected to improve...

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