Japfa's Q1 earnings skyrocket 234% to $31.37m
For the three months ended 31 March 2016, Japfa Ltd revenues increased 6% to $717.7M. Net income increased from $7M to $23.4M. Revenues reflect Animal Protein segment increase of 5% to $602.9M, Dairy segment increase of 16% to $69.1M, Consumer Food segment increase of 11% to $45.7M. Net income benefited from Animal Protein segment income increase from $16.9M to $38M, Dairy segment income increase of 14% to $15M.
Business Summary
Japfa Ltd is a Singapore-based agri-food company. The Company's segments include animal protein, dairy, consumer food and others. The animal protein segment includes production of various animal proteins, including poultry, swine, beef and aquaculture, as well as animal feed, across the Company's focus markets, including Animal Protein Indonesia that refers to the animal protein operations of its subsidiary, PT Japfa Comfeed Indonesia Tbk, and Animal Protein Other that refers to the animal protein operations in Vietnam, India, Myanmar and China.
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