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Japfa’s earnings for 1QFY2022 plunges 64% y-o-y to US$17.3 mil due to global external factors

Felicia Tan
Felicia Tan4/28/2022 09:23 PM GMT+08  • 3 min read
Japfa’s earnings for 1QFY2022 plunges 64% y-o-y to US$17.3 mil due to global external factors
Japfa CEO Tan Yong Nang. Photo: Samuel Isaac Chua/The Edge Singapore
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Japfa has reported earnings of US$17.3 million ($23.9 million) for the 1QFY2022 ended March, 64% lower than earnings of US$48.5 million in the same period the year before.

Earnings per share (EPS) for the period fell to 0.85 US cents from 2.40 US cents in the same period the year before.

Group revenue, however, grew 13% y-o-y to US$1.25 billion driven by higher sales volume across all segments.

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