Corporate digest
Japfa
AGRI-food company Japfa reported an 86 per cent year-on-year slide in net profit to US$2.96 million for the second quarter ended June 30, 2015, due in part to lower revenue as well as the absence of a one-off gain from an asset disposal in the corresponding quarter a year ago.
Core profit after tax and minority interests (Patmi) came to US$14.27 million, down from US$16.5 million. Revenue fell 8 per cent to US$704.25 million, mainly due to the Indonesian operations in the animal protein and consumer food segments which saw continued decline i…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Ford profit beats on commercial sales; EVs still dragging
WhirlPool is cutting 1,000 jobs as US appliance demand remains stagnant
Anglo American says it received unsolicited buyout proposal from BHP
TSMC says ‘A16’ chipmaking tech to arrive in 2026, setting up showdown with Intel
Meta profits soar but costs of AI cause worry
IBM falls on weak consulting sales, overshadowing HashiCorp deal