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Japfa posts 83% drop in 2Q earnings to $6.8 mil on lower average selling prices

Stanislaus Jude Chan
Stanislaus Jude Chan7/31/2019 02:55 AM GMT+08  • 2 min read
Japfa posts 83% drop in 2Q earnings to $6.8 mil on lower average selling prices
SINGAPORE (July 31): Agri-food company Japfa saw its earnings plunge 83% to US$5.0 million ($6.8 million) for the 2Q19 ended June, from US$29.6 million a year ago.
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SINGAPORE (July 31): Agri-food company Japfa saw its earnings plunge 83% to US$5.0 million ($6.8 million) for the 2Q19 ended June, from US$29.6 million a year ago.

Earnings per share (EPS) tumbled to 0.27 cents in 2Q19, compared to 1.63 cents in 2Q18.

2Q19 revenue rose 8% to US$975.0 million, from US$901.0 million in 2Q18.

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