Jakarta, 30 November 2022 – PT Widodo Makmur Unggas, Tbk (IDX: WMUU) managed to record a profit of 91 billion rupiah in the third quarter of 2022, with the company's total revenue reaching 2 trillion rupiah. WMUU is still the main contributor to Widodo Makmur Perkasa Group's overall revenue of 61% in the third quarter of 2022.
The increase in the price of poultry feed raw materials is one of the factors in the decline in the Company's profit and revenue compared to the previous same period. This has increased the Company's production costs which affects the achievement of predetermined targets.
"In addition to feed prices, the Company is currently also focusing on increasing the utilization of Poultry Slaughterhouses (RPHU) and reducing the portion of carcass trading which has caused a decline in sales figures in general. This aims to improve the quality of the Company's poultry products, especially meeting the export demand for poultry products in the near future", Ali Mas'adi, Chief Executive Officer, PT Widodo Makmur Unggas, Tbk.
To continue to increase revenue, the Company carried out a number of business innovations in the second half of 2022 such as establishing cooperation for the export of the Company's poultry products to China and Singapore. The preparation process is still ongoing today, and is expected to be realized in 2023.
Currently, the Company has produced with a production capacity of RPHU up to 12,000 heads per hour with the hope of meeting national and regional market demands for poultry needs in the future.
About PT Widodo Makmur Unggas Tbk
PT Widodo Makmur Unggas Tbk operates under PT Widodo Makmur Perkasa Tbk is an integrated and leading poultry product provider company in Indonesia. In line with the vision of the parent company, Provide Food for The Nation, PT Widodo Makmur Unggas Tbk is committed to supporting the provision of protein sources as one of the domestic food sources through nutritious and quality animal products for the community.
PT Widodo Makmur Unggas Tbk has been listed on the Indonesia Stock Exchange (IDX: WMUU). 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.
PT Widodo Makmur Unggas Tbk is supported by end-to-end production facilities with the latest technology ranging from feedmills, breeding farms, hatcheries, commercial farms, layer farms, to slaughter houses. The company operates in several regions of Indonesia, and the products have been widely marketed in the community. Check out more information about the Company in https://www.widodomakmurunggas.co.id/
PT Widodo Makmur Poultry, Tbk
Beni Wijaya | Public Relations Manager