Japfa expansion plans back on track after a year of headwinds
Agri-food group aims to have equal profit contributions from four segments
Myanmar
HAVING been derailed by a year when it faced fierce headwinds, Japfa is now back on track in its expansion plans and hopes to achieve an even contribution from all four business segments eventually as it continues to diversify its business, said its chief executive Tan Yong Nang.
The Indonesia-based agri-food group's medium-term target is to have a quarter each of its net profit from Indonesia and from its dairy operations, consumer foods and animal protein business in India, Vietnam and Myanmar respectively.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
S&P slashes Boeing credit outlook as rating hovers above junk status
Honda to spend US$11 billion on EV strategy in Canada
GlaxoSmithKline sues Pfizer and BioNTech over Covid-19 vaccine technology
Mapletree Industrial Trust Q4 DPU rises 0.9% to S$0.0336
Nasdaq’s profit falls as shaky economy keeps IPO revival elusive
iFast Q1 net profit surges on ePension unit performance