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Japfa reports earnings of US$113.9 million down 12.4% y-o-y on higher costs

The Edge Singapore
The Edge Singapore 10/28/2021 08:52 PM GMT+08  • 2 min read
Japfa reports earnings of US$113.9 million down 12.4% y-o-y on higher costs
The company warns that the pandemic could dampen demand in any market, any time.
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Japfa, a leading regional food producer, has reported a 22.2% y-o-y jump in revenue to US$3.4 billion for the nine months ended Sept 30.

However, due to higher raw material cost for feed and lower selling prices due to the pandemic, the company’s earnings for the period was down 12.4% y-o-y to US$113.9 million.

Besides its base in Indonesia, Japfa rears chickens, pigs and cows for milk in markets such as China, Vietnam and Myanmar.

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