Malindo Feedmill, Tbk. held an Annual General Meeting of Shareholders (AGMS) in Jakarta, Tuesday, 27 June 2023 which was conducted in a hybrid manner. After the AGMS, it was followed by a public expose followed by the media.

It was stated that the Company’s net sales in the first quarter of 2023 decreased by IDR 74.76 billion or decreased by 2.7%. Sales of animal feed increased by 3.9% or Rp. 67.23 billion, followed by an increase in sales of broiler which increased by Rp. 12.45 billion or an increase of 2.8%, sales of processed food increased by 2.4% or Rp. 685 million, sales segment others increased by 8.0% or IDR 6.93 billion, but a drastic decrease was shown by the DOC sales segment which fell by IDR 162.06 billion or decreased by 33.9% when compared to sales in the same period last year.

Currently PT. Malindo Feedmill, Tbk. actively exploring buyers from overseas. After the Government of Singapore, in this case the Singapore Food Agency, has approved Malindo’s frozen chicken product and processed products for export to Singapore, it is planned that in the near future Malindo will realize its exports to Singapore as well as several other countries. Mainstay products that will be exported include frozen chicken and processed products such as nuggets and karage.