JPFA — Market expansion amid upcoming government' IDR71 tn meal program

JPFA — Market expansion amid upcoming government' IDR71 tn meal program Japfa Comfeed Indonesia (JPFA) is gearing up to support the government's upcoming Nutritional Meal Program, which has a IDR71 tn budget. JPFA plans to implement strategies that align with this initiative, including expanding its product distribution, especially in areas with untapped market potential. JPFA is also focusing on promoting its processed food products and setting aside capex of IDR2 tn for 2024 to strengthen its downstream segment. Note that, in 1H24, JPFA reported significant profit growth of 1,704.54% yoy to IDR1.47 tn, supported by a 14.45% yoy increase in net sales. (Source : Bisnis Indonesia)