Tan Yong Nang

To mitigate risks, the company is boosting its efficiency and streamlining its operations

an sees room for Japfa to grow further in the region.

The company says the application for the Hong Kong listing of dairy unit AustAsia is still pending.

Group revenue, however, grew 13% y-o-y to US$1.25 billion driven by higher sales volume across all segments.

Tan Yong Nang, Japfa’s executive director and CEO calls the separation of AIH and Japfa a “watershed moment”.

The company warns that the pandemic could dampen demand in any market, any time.

SINGAPORE (Oct 30): Japfa, the vertically-integrated agri-food company, reported 3Q earnings surged nearly fivefold to US$14.3 million ($19.8 million) from a year ago, lifted by stronger performance across most business segments.

SINGAPORE (Sept 6): Helped by an upturn in the poultry and swine industries in Indonesia and Vietnam respectively, livestock producer Japfa has done well in 2Q18 ended June 30.

SINGAPORE (Oct 27): Japfa, the Indonesia-based supplier of animal protein, saw a sixfold jump in 3Q earnings to US$48 million ($67 million) from US$8 million a year ago on higher sales and margins.