PT Malindo Feedmill Tbk held a General Meeting of Shareholders (GMS) in Jakarta, Wednesday 29 June 2022. The meeting was attended by the Commissioners and Directors of Malindo, shareholders and invitees.

After the GMS followed by a Public Expose with journalists attended by the Director of PT Malindo Feedmill Tbk, Rewin Hanrahan and Rudy Hartono.

In 2021, the Company’s net sales were recorded at Rp9,130.6 billion, an increase of Rp2,130.0 billion or 30.4% compared to 2020 of Rp7,000,6 billion. The increase in net sales was dominated by an increase in feed sales of 30.3% or Rp.1,353.7 billion from total sales in 2020 which amounted to Rp.4,472.9 billion to Rp. 5,826.6 billion in 2021.

In 2021, the Company earned a net profit for the year of Rp60.3 billion from a net loss for the year of Rp38.9 billion in 2020, an increase of 255.0%. The increase in net sales was dominated by an increase in feed sales of 30.3% or Rp.1,353.7 billion from total sales in 2020 which amounted to Rp.4,472.9 billion to Rp. 5,826.6 billion in 2021.

Malindo targets revenue to grow 10-15 percent by 2022. One of them is by intensifying the opening of the Sunny’chick restaurant to 100 outlets.

“We also hope that people’s incomes will recover so that people’s consumption of poultry products is also expected to improve,” said Rudy Hartono.

He also said that Malindo Feedmill had allocated a capital expenditure of IDR 305 billion in 2022, the realization of which is still below IDR 100 billion. Capex was used for the construction of the Sunny’chick outlet, the development of broiler, breeder and feedmill farms, as well as the construction of silos and dryers.