Japfa’s 3Q earnings fell 26% to US$8 million ($11.2 million), in what the agri-food company described as its best performance since listing.
Revenue slipped 11% to US$695 million, mainly due to a decrease in revenue from its Indonesia operations in the animal protein and consumer food segments. This stemmed from a weaker Rupiah against the US dollar. This was partially offset by an increase in revenue from the Vietnam operations in the animal protein business, as well as dairy operations in China.
The group also recorded foreign exchange adjustment losses of US$28.9 million, compared with US$3.3 million last year.
The stock closed 2.6% higher at 39.5%.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
Revenue slipped 11% to US$695 million, mainly due to a decrease in revenue from its Indonesia operations in the animal protein and consumer food segments. This stemmed from a weaker Rupiah against the US dollar. This was partially offset by an increase in revenue from the Vietnam operations in the animal protein business, as well as dairy operations in China.
The group also recorded foreign exchange adjustment losses of US$28.9 million, compared with US$3.3 million last year.
The stock closed 2.6% higher at 39.5%.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
0 comments:
Post a Comment