Japfa swings back to black in 9M24 with a net profit of US$87.5m

In 9M23, it recorded a net loss of US$22.7m.

Japfa Limited recorded a profit after tax and minority interests (PATMI) of US$87.5m in 9M 2024, reversing losses from the previous year.

In 9M 2023, Japfa recorded a net loss attributable to shareholders of US$22.7m.

The company attributed its improved performance in 9M 2024 to higher sales volume and prices and lower costs.

In 9M 2024, Japfa reported stable feed margins across key markets, benefiting from higher day-old chick (DOC) and broiler margins in Indonesia due to reduced feed costs.

Additionally, swine fattening volumes and prices increased in Vietnam, alongside lower production costs in poultry and swine operations due to streamlined processes.

Apart from improved net profit, the company achieved a 2,457.3% YoY growth in profit after tax to US$153.4m, a 91.6% YoY boost in earnings to US$375.2m, and a 3.7% YoY increase in revenue to US$3.3b.

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