Despite this, the company notes that there was a clear trend reversal in profitability — operating profit in 3QFY2023 ended September alone was a record US$101.8 million, arising from stronger margins in poultry feed as well as higher selling prices of both poultry in Indonesia and swine in Vietnam.
Agrifood company Japfa (SGX:UD2
) has reported a loss of US$22.7 million ($31 million) in 9MFY2023, following a weak first half of the year when the company’s performance was affected by weaker selling prices on the back of inflation-suppressed demand and stifled increases in selling prices.
Core patmi without forex stood at negative US$17 million, compared to 9MFY2022’s US$44.1 million. Ebitda for the period stood at US$195.8 million, 24% lower y-o-y.
