JAKARTA (Yosefardi) – Feed Producer PT Malindo Feedmill Tbk (MAIN) allocates capital expenditure
(capex) of US$50 million, equivalent Rp600 billion, for next year, mainly to fund its production facility expansion.
The company also plans to develop upstream business or processed meats. While poultry industry still has room to grow amid the growing fast food business in emerging countries.
MAIN booked net loss of Rp69 billion in the third quarter of 2014 against net profit of Rp66 billion in the corresponding period of 2013 due to falling sales revenue and squezzed margins.