pstrongA year ago, the company recorded a $58.55m loss./strong/p pMainboard-listed Japfa logged a profit of $16.93m (US12.45m) in the first three months of the year (1Q24), bouncing back from the $58.55m ($43.05m) loss it recorded in the same period last year./p pIn 1Q24, Japfa also recorded an 11.
Mainboard-listed Japfa logged a profit of $16.93m in the first three months of the year , bouncing back from the $58.55m loss it recorded in the same period last year.It also recorded improved gross profit, which surged 135% to $247.25m , and higher operating profit of $104.17m , a reversal from the loss of $38.93m in 1Q23.
Moreover, the company said its feed segment consistently delivered profits, with stable margins across major markets. Also contributing to the first quarter growth were “higher poultry and swine selling prices during Ramadhan in Indonesia and Tết in Vietnam, which revitalised demand amid persisting cost-of-living pressures,” as well as streamlining initiatives that lowered production costs across poultry and swine operations in Vietnam, Japfa said.
“ the current results are promising, our commitment to prudent management remains steadfast, especially given the uncertain global conditions, and we remain focused on being one of the lowest costs producers of animal proteins in Asia,” Japfa CEO Tan Yong Nang said. ...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.
We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.
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