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Japfa's 1Q18 earnings surge eightfold to $22.1 mil on higher revenue

Michelle Zhu
Michelle Zhu4/30/2018 09:40 PM GMT+08  • 2 min read
Japfa's 1Q18 earnings surge eightfold to $22.1 mil on higher revenue
SINGAPORE (Apr 30): Japfa saw its earnings for the first quarter ended Mar 2018 surge eightfold to US$16.7 million ($22.1 million) from US$2.1 million a year ago due to higher revenue and profitability.
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SINGAPORE (Apr 30): Japfa saw its earnings for the first quarter ended Mar 2018 surge eightfold to US$16.7 million ($22.1 million) from US$2.1 million a year ago due to higher revenue and profitability.

Revenue grew 15% to US$845.5 million from US$736.1 million previously, which Japfa attributes to PT Japfa Tbk’s margin and volume expansion.

This was further boosted by a narrowing of losses by Animal Protein Other (APO), which generated positive EBITDA over the quarter after navigating a challenging year throughout 2017, says the group.

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