However, cost of sales grew 12% to $735 million which rsulted in 6% lower gross profit of $176 million.
SINGAPORE (May 1): Japfa, the low-cost producer of protein staples including poultry, beef, dairy, reported 1Q19 earnings of US$7.8 million ($10.6 million), 53.2% lower compared to US$16.7 million a year ago.
Revenue for the group grew 7.8% to US$911.2 million in 1Q19, mainly attributable to higher sales volumes across the group’s core business segments – PT Japfa Tbk, Animal Protein Other (APO) and Dairy.
