The livestock issuer, PT Dewi Shri Farmindo Tbk (DEWI) has held a General Meeting of Shareholders (GMS) for the 2024 financial year, Jakarta, Thursday, June 5.
As for the Annual GMS, PT Dewi Shri Farmindo Tbk (DEWI) also appointed Ferry Saputra, who previously served as the company's new director, as President Commissioner and this has received approval at the Annual General Meeting of Shareholders (AGMS).
DEWI President Commissioner Ferry Saputra conveyed that the company's main target in 2025 is to maintain a profit margin of more than 6 percent and create sustainable growth.
Therefore, he conveyed that in the future, the company will focus on expanding the market to new areas and diversifying products.
"In the future, we will focus on expanding the market into new areas and diversifying products while continuing to improve operational efficiency. We also ensure that the transition to the Leadership of the Board of Commissioners runs smoothly," he said Thursday, June 5.
However, Ferry explained that regarding stock performance, his party realizes that current financial reports reflect the challenges that exist, especially in the midst of economic conditions with people's purchasing power that are still weak and have not fully recovered.
Ferry added that the market response to the efficiency measures taken by the company was quite positive, despite a decrease in revenue, this efficiency succeeded in increasing profit margins.
"We see this as a sign that the market understands Dewi's long-term strategy to remain competitive while maintaining sustainable growth," he said.
On the same occasion, DEWI President Director Aditiya Fajar junus said that for market expansion, the company saw an increase in demand in Eastern Indonesia so that it would focus its expansion strategy in that direction.
"For market expansion, we are seeing an increase in demand in the Eastern Indonesia area, so we will focus on that direction," he explained.
However, he conveyed that regarding capital expenditure (capex), currently his party has planned several things, but cannot be conveyed in detail.
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He conveyed that the current decline in people's purchasing power will certainly have an impact on the level of consumption of products, especially chickens, which are the most affordable sources of protein in Indonesia.
Because of its economic nature, demand for chickens is very correlated with people's purchasing power.
"So that in the end there will still be an impact, especially because this chicken is the most affordable so that its main correlation is with purchasing power," he explained.
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