JAKARTA (Yosefardi) – Yet-disclosed shareholder had in Friday (August 15) sold 913.4 million shares of feed producer PT Malindo Feedmill Tbk (MAIN) at price of Rp2,280 per share, a discount of 24% from Thursday’s (August 14) price, or Rp2.08 trillion in total.
CIMB Securities facilitated crossing of MAIN shares to RHB OSK Securities. Based on first half of 2014 financial report, Dragon Amity Ltd controls 55.93% while public owns 44.07%.
MAIN allocates capital expenditure (capex) of Rp500 billion for this year, to fund the establishment of new feed mills in Semarang and Makassar. It also plans to build day old chicks (DOC) farming in Sumatra, Kalimantan, and Java.
MAIN booked net profit of Rp87.3 billion in first half of this year, dropped 50% from Rp174.41 billion in the same period of last year.
Revenues increased 15.3% to Rp2.3 trillion from previous Rp1.99 trillion. But cost of goods sold rose 24% to Rp2.01 trillion from earlier Rp1.615 trillion.
Its assets totaled Rp2.97 trillion while liability amounted Rp1.72 trillion. It has cash and cash equivalent of Rp246.39 billion.