Japfa Second Quarter 2024 Earnings: EPS: US$0.019 (vs US$0.005 loss in 2Q 2023)

Japfa (SGX:UD2) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$1.12b (up 1.5% from 2Q 2023).
• Net income: US$39.2m (up from US$10.5m loss in 2Q 2023).
• Profit margin: 3.5% (up from net loss in 2Q 2023). The move to profitability was primarily driven by lower expenses.
• EPS: US$0.019 (up from US$0.005 loss in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Japfa Earnings Insights

Looking ahead, revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Food industry in Singapore.

Performance of the Singaporean Food industry.

The company's shares are up 6.3% from a week ago.

Risk Analysis

Be aware that Japfa is showing 2 warning signs in our investment analysis and 1 of those is a bit unpleasant...

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