PT Widodo Makmur Perkasa Tbk Books Profit and Asset Growth in the Third Quarter of 2022

29 Dec 2022 / Admin / 140 Reads

Jakarta, 2 December 2022 - A national consumer goods and agricultural commodities company - PT Widodo Makmur Perkasa Tbk (IDX: WMPP) posted a company profit of 11.1 billion rupiah in the third quarter of 2022. This profit achievement was also accompanied by growth in the company's assets which grew by 7% from last year's period.

The poultry business line is still the main contributor to the Company's revenue by 61%, followed by the beef cattle business line by 16%, processed food by 15%, agricultural commodities by 4%, and energy and construction by 5%. Overall, the Company posted revenue of up to IDR 3.3 trillion in the third quarter of 2022.

The high price of national poultry feed and the impact of an endemic Foot and Mouth Disease (FMD) outbreak in cattle are the main factors that have depressed the Company's revenue and profits. This is not only experienced by PT Widodo Makmur Perkasa, Tbk but also the poultry and beef cattle industry in general in Indonesia.

"We understand that currently the livestock industry in general is facing a challenging condition, where the price of poultry feed is still expensive and the endemic impact of FMD has not been resolved. We continue to innovate to respond to these challenges to increase productivity and efficiency," explained Tumiyono, Chief Executive Officer, PT Widodo Makmur Perkasa, Tbk.

Tumiyono also added that if we look at national data (FAO Agricultural Outlook), meat consumption in Indonesia still has a chance to increase again. Moreover, the government has also intensified the FMD vaccination program so that it is hoped that the endemic will be over soon.

In line with the FMD mitigation measures set by the Government, the Company has also implemented a number of preventive actions so that the Company's cattle remain safe and healthy, such as implementing biosecurity in the Company's operations.

Biosecurity is the first security step taken when an outbreak occurs, so that the outbreak does not spread widely. The company also strictly controls access in and out of the operational area to prevent viruses from outside being brought into the company area.

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About PT Widodo Makmur Perkasa Tbk

PT Widodo Makmur Perkasa Tbk is one of the leading upstream to downstream integrated food supply companies in Indonesia. Founded in 1995, the Company has a vision of Providing Food for the Nation which is supported by five main businesses, namely integrated cattle farming, modern meat processing, integrated poultry farming, agricultural commodities, and construction and energy.

PT Widodo Makmur Perkasa Tbk has been listed on the Indonesia Stock Exchange (IDX: WMPP). Every year the Company continues to show positive growth, both in terms of infrastructure development, production capacity, as well as in terms of business and assets. The Company's business lines operate in several regions of Indonesia, and products have been widely marketed in the community.

The use of new renewable energy (renewable resources) continues to be carried out to support a sustainable and responsible food industry. Through the Company's social program, PT Widodo Makmur Perkasa Tbk encourages more and more young Indonesian farmers to be born who are highly competitive, for the advancement of the domestic food industry. Check out complete information about the Company at https://www.widodomakmurperkasa.co.id/

For further information, please contact:

PT Widodo Makmur Perkasa Tbk

Beni Wijaya | Public Relations Manager

Email: beni.wijaya@wmp-group.co.id