In 2HFY2023, Japfa recorded a positive core patmi without forex of US$21.2 million, versus a negative US$49.3 million reported for 1HFY2023.
Japfa has generated a slightly higher revenue of US$4.43 billion for FY2023 over the preceding year. However, patmi for the year worsened to US$30.8 million, from US$6.5 million in FY2022.
Nonetheless, Japfa (SGX:UD2
) points out that its most recent 2HFY2023 performance has improved substantially, following the preceding six months that were weighed down by a combination of cost pressures and weaker prices.
