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Japfa back in the black with Q2 profit of US$29.6m
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Published Mon, Jul 30, 2018 · 09:50 PM
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Singapore
MAINBOARD-LISTED Indonesia agri-food firm Japfa Ltd posted a net profit of US$29.6 million for the second quarter ended June 30, a turnaround from its net loss of US$3.4 million in the year-ago period, it announced on Monday evening after the market closed.
Revenue rose 14 per cent to US$901 million from US$790.2 million, driven mainly by higher sales volume and improved margins in its Indonesia animal protein business and a recovery in its Vietnam market.
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