Japfa Q3 profit surges on stronger margins, fair value gain
Add BT as a preferred sourceJAPFA Ltd on Thursday posted a six-time jump in net profit for the third quarter on stronger margins, and a gain in fair value of biological assets.
The agri-food company said that net profit for the three months ended Sept 30, 2016 stood at US$48 million, compared to US$7.99 million a year ago.
Gross profit shot higher by 35 per cent to US$187 million, as revenue growth outpaced that of cost. It also made a US$5.75 million gain from changes in fair value of biological assets. In the year-ago period, Japfa recorded a fair-value loss for its biological assets.
Share with us your feedback on BT's products and services
TRENDING NOW
Singtel Q1 gain drops 71% to S$818 million in absence of Airtel stake sale; weaker Singapore business
Sembcorp raises interim dividend despite 72% H1 profit slide to S$150 million on Alinta deal costs
How BYD disrupted Singapore’s car market – and why the strategy is turning on itself
CDL H1 profit jumps three times to S$301 million on strong condo sales, doubles interim dividend
