CPIN IJ - Margin Recovery in the Processed Food Business Supported Earnings
CPIN posted 1Q25 net profit of Rp1.5tr (+16% qoq, +116% yoy) above our (35%) and cons’ (36%) FY25F, partly supported by normalized tax.
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Charoen Pokphand Indonesia (CPIN.IJ) FY24 Results – In Line Core Net Profit
Despite the high effective tax rate in 4Q24, CPIN reported a net profit of Rp1.3tr (+114% qoq), above ours (107%) and consensus (115%).
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Charoen Pokphand Indonesia - Compressed Margin in 3Q24
3Q24 net profit was supported by resilient revenues and tax gains but was partly offset by losses in changes in fair value of biological assets.
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Charoen Pokphand Indonesia (CPIN IJ) - FY23 Results: Another Year with a Negative Ending
CPIN booked 4Q23 net losses of Rp357bn, surpassing 4Q22’s net losses of Rp257bn driven by a lower feed margin and poultry business losses.
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Charoen Pokphand Indonesia (CPIN.IJ) - 3Q23 Earnings Beat from Solid Downstream Business
CPIN booked robust 3Q23 net profits of IDR1.3tr, supported by higher gross revenues of IDR30tr despite flat q-o-q margins amid rising feed raw...
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