Japfa's profits plummet 94% to US$3m in Q3

Profits are cut across its poultry and beef businesses.

Japfa Ltd struggles from profits that plummeted 94% YoY from $65.70m (US$48.02m) to $4.11m (US$3m) in Q3.

According to its financial statement, revenue rose 3% YoY from $1.08b (US$787.96m) to $1.11b (US$814.27m). The increase of revenue was generally due to higher sales in its Animal Protein Indonesia, Dairy and Consumer Food segments.

However, operating profit crashed by 47% YoY from $144.22m (US$105.40m) to $76.65m (US$56.02m), due to margin shrinkage across its poultry and beef businesses, accompanied by a one-off $17.79m (US$13m) gain last year from the sale of beef cattle in Australia.

Japfa also reported a weaker feed business. Its swine fattening business in Vietnam continued to incur operating losses as swine's market prices remained below costs.

By Val Vannet, CC BY-SA 2.0

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia