Japfa net profit grew 54.3% YoY to US$118.5m in H1

Its revenue also rose 23.4% YoY to. US$2,262.4m in the same period. 

Agri-food company Japfa Ltd saw a 54.3% year-on-year (YoY) increase in net profit attributable to owners to US$118.5m in the first half of 2021 from US$76m last year, on the back of revenue growth in three segments.

Its revenue grew 23.4% YoY to US$2,262.4m from US$1,833.4m. Its operating profit or earnings from core operations soared 84.8% YoY to US$270.9m from US$146.6m.

The revenue growth is driven by the PT Japfa Tbk, Animal Protein Other (APO), and Dairy segments.

PT Japfa Tbk’s revenue grew 25.6% YoY to US$1,539.6 million due to higher sales volumes of feed, Day-Old-Chick and broiler, while APO’s revenue increased 26% YoY to US$459.6m, driven by the performance of Vietnam and by higher swine fattening sales volume and swine feed.

Its dairy segment, meanwhile, rose 6.6% to US$260.7m due to higher sales volumes of raw milk and beef in China.

“In the first half of 2021, we delivered a strong set of results across all segments and the Rolling Core profit after taxation and minority interests w/o Forex for the past 12 months ending 30 June 2021 reached again a new all-time high since initial public offering at US$223.2 million. This performance reflects our ability to execute, as well as our diversification strategy, which has proved to be effective even in the current unpredictable COVID-19 environment,” Japfa CEO Tan Yong Nang said.

“As demonstrated by the recent acquisition of two dairy farms in China and the expansion of our swine farming capacity in Vietnam, we remain focused on growth to deliver value to our shareholders, while continuing to feed people in Asia,” Tan added.

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Thanks to the renewal of interest in the Singapore market.
The electronics cluster showed the most optimism.
The initiative aims to improve the overseas service exports environment.
This is the group’s 2nd sustainability notes issuance in the SGD bond market.
A Jefferies report said Singapore banks have enough buffers.
HongkongLand, CapitaLandInvest, and ComfortDelGro showed the most growth.
Mizuho Securities Asia Limited will be the notes dealer.
The company’s first batch has been fully allocated in the country.
The total consideration of up to $539m over three years will take effect. 
This is to address the increased global demand for healthcare products.
Thanks to the company's improved distribution channels.
Hiring activities online increased by 55.7% in August.
CapitaLandInvest, Capland IntCom T, and Sembcorp Industries showed the most growth.
This low turnout is due to the large quantum of the project, experts say.