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Japfa posts 80-fold increase in FY18 earnings to $135.4 mil on record revenue

Samantha Chiew
Samantha Chiew • 2 min read
Japfa posts 80-fold increase in FY18 earnings to $135.4 mil on record revenue
SINGAPORE (Mar 1): Japfa has announced a nearly 80-fold increase in its FY18 earnings to US$100.4 million ($135.4 million), compared to just US$1.32 million in FY17.
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SINGAPORE (Mar 1): Japfa has announced a nearly 80-fold increase in its FY18 earnings to US$100.4 million ($135.4 million), compared to just US$1.32 million in FY17.

Revenue for the period reached a record high and was 11% higher at US$3.53 billion from US$3.19 billion a year ago, driven mainly by higher average selling price for both poultry in Indonesia and swine fattening in APO-Vietnam as well as higher sales volumes from Dairy and poultry feed in Indonesia and Vietnam.

All of the group’s business segments registered revenue growth.

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