In today’s briefing:
- Japfa Comfeed – Earnings Flash – FY 2021 Results – Lucror Analytics
Japfa Comfeed – Earnings Flash – FY 2021 Results – Lucror Analytics
Japfa Comfeed’s FY 2021 results were better than we had expected, with a strong rebound in Q4 (after COVID-19 lockdowns). The financial risk profile remains stable. That said, cash flows, which can be volatile, were weak. Liquidity has deteriorated, due to a surge in short-term debt to plug the substantial negative FCF.
Before it’s here, it’s on Smartkarma
