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 in consumer demand.