You are here

Japfa Limited Q1 profit falls 53.1% to US$7.8m

LOWER broiler average selling prices due to lower than expected poultry demand eroded results for Indonesia agri-food firm Japfa Limited in its first quarter.

Net profit dropped 53.1 per cent to US$7.8 million for the three months ended March 31 from the US$16.7 million posted in the previous corresponding period, the group said in a Singapore Exchange filing on Tuesday evening.

Earnings per share sank to 0.42 US cents from 0.95 US cents in the year-ago period.

However, for the three months ended March 31, revenue increased 7.8 per cent to US$911.2 million from the previous year.

The expansion in revenue was mainly attributable to higher sales volumes across the Indonesian animal protein segment - PT Japfa Tbk, its animal protein other (APO) business segment and dairy.

Your feedback is important to us

Tell us what you think. Email us at

Net asset value per share edged up to US$0.43 as at March 31, from US$0.42, three months ago.

Japfa Limited shares closed unchanged at S$0.64 on Tuesday, before the announcement.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to