Throughout 2023, Japfa Comfeed Records Capai Sales Of IDR 51.18 Trillion

Photo: Doc. Japfa Comfeed

JAKARTA - PT Japfa Comfeed Indonesia Tbk (JPFA) recorded net sales of IDR 51.18 trillion in 2023, up 4.5 percent year-on-year (yoy). In the balance sheet, total assets rose from IDR 32.69 trillion in 2022 to IDR 34.11 trillion in 2023.

JAPFA Director Leo Handoko Laksono said that the Company's capital expenditure (capex) was reported to be close to the capital expenditure value in 2022, which was at IDR 1.98 trillion.

According to Handoko, in the midst of the challenges that occurred in 2023, namely the scarcity of raw materials and fluctuations in the price of live birds, JAPFA remains focused on carrying out its business strategy.

Handoko conveyed that efficiency efforts in various fields, the use of alternative raw materials to optimizing production capacity utilization have succeeded in reducing production costs and maintaining the effectiveness of the company's performance.

"In addition, in order to support the government's program to maintain the balance of the domestic broiler population, JAPFA has exported to several countries, including the first export of live chickens to Singapore", he explained in his statement, Wednesday, April 3.

Meanwhile, reviewed from the contribution of gross sales per business segment, the poultry division is still the largest contributor to sales with a percentage of 90 percent.

Handoko said the livestock feed segment contributed 41 percent of sales followed by the commercial livestock segment of 31 percent. In fact, the company managed to record an increase in exports of poultry feed by 4 times compared to the previous year.

Handoko said the livestock processing business segment and consumer products also managed to record a fairly good net sales performance growth, which was 3.7 percent to IDR 7.9 trillion from IDR 7.6 trillion the previous year with a profit of IDR 417.2 billion.

"The water cultivation segment is also considered to still have enormous potential. Likewise with the downstream sector which always offers innovations that are in accordance with market needs. In the future, we will continue to strive to strengthen the downstream sector," he said.

Handoko said that there are several strategic efforts made by JAPFA in strengthening the downstream segment, namely, expanding and developing markets, especially in areas that still have great market potential. Second, expanding the distribution of product sales by penetrating to traditional markets.

"This is in line with the synergy carried out by combining the distribution of processed products. Finally, JAPFA carries out various promotional programs to maintain customer and consumer loyalty," he explained.

According to Handoko, this step has yielded quite good results, where the company can maintain its market share in the midst of increasingly sharp competition and markets that tend to stagnate.

Throughout 2023, JAPFA has also sharpened its focus on increasing the company's commitment to sustainability aspects. One of these is evidenced by the use of the Sustainability-Linked Loan (SLL) from PT Bank Negara Indonesia Tbk, Persero (BNI) worth IDR 1.425 trillion.

Over the past three years, JAPFA has committed to building eight of the nine wastewater recycling facilities.

In addition, JAPFA is currently also perfecting the JAPFA Sustainability Reporting System (JSRS) by adding relevant data coverage, thus significantly increasing data completeness and accuracy.