JPFA – Anticipating the impact of global conflict

JPFA – Anticipating the impact of global conflict Japfa Comfeed Indonesia (JPFA) anticipates the constraints of increasing production raw material costs due to geopolitical conflicts in Eastern Europe and the Middle East. The global conflict can affect supply and increase imports of raw materials. So far, JPFA still depends on imports of several components of animal feed raw materials, one of which is soybean meal. JPFA will focus on making capex efficiency by holding capex that is considered not urgent. Note that, JPFA posted revenue of IDR13.92 tn (+18% yoy) and net profit of IDR664.82 bn (+366% yoy) in 1Q24. (Source : Kontan)