Agri-food company Japfa saw its earnings more than double to US$322.0 million ($428.7 million) for the FY2020 ended December due to stronger performance of Swine-Vietnam and Dairy-China.

Core PATMI without forex increased 63.3% y-o-y to US$195.4 million driven by a strong performance from operations. The figure does not include an extraordinary net gain of US$140.2 million from the sale of Dairy-SEA.

Earnings per share (EPS) for the period came in at 15.86 US cents, from 6.45 US cents in FY2019.

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