Japfa Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was USD 1,016.52 million compared to USD 1,098.87 million a year ago. Net loss was USD 43.05 million compared to net income of USD 17.32 million a year ago.

Basic loss per share was USD 0.0211 compared to basic earnings per share of USD 0.0085 a year ago. Diluted loss per share was USD 0.0211 compared to diluted earnings per share of USD 0.0085 a year ago.