According to the group, the main drivers of Japfa’s profitability were steady feed margins across its major markets, higher swine selling volumes and prices in Vietnam despite general cost-of-living pressures, and lower poultry and swine production costs in Vietnam due to the group’s streamlining initiatives, which were introduced in early 2023.
Agri-food company Japfa (SGX:UD2
) has maintained its profitability, recording a patmi of US$87.5 million ($115.6 million) for 9MFY2024 ended September, reversing from a loss of US$22.7 million in the same period last year.
Core patmi without foreign exchange impact would have stood at US$90.5 million, while ebitda surged by 91.6% y-o-y to US$375.2 million in 9MFY2024, up from US$195.8 million in 9MFY2023.
