This was more than twice as much as the losses in 2010 of 635.48 billion rp, ( $69.8 million).
The losses came despite higher sales. Sales growth was 20.58%, to 7.53 trillion rp, ($827 million) overall, and for shrimp sales grew from 2.29 trillion to 2.84 trillion ($251 million to $320 million).
Sales revenue also increased in the fish feed and shrimp feed sectors of the company. Fish feed had sales of 2.13 trillion ($234 million), and Shrimp feed had sales of $175.8 million. CP Prima sold more than 520,000 metric tons of feed products, up 12% year over year.
However, revenue growth could not overcome the charges the company is still taking on the closure of shrimp ponds and debts that are likely to be uncollected. The closures have led to disputes between the company and shrimp farmers. It has had to write down fixed assets by $59.9 million, and has to make allowances for uncollectable debt of $97.4 million. As a result, the company has booked a larger financial loss.