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JFP reports increased revenue

JFP saw its revenue increase significantly from $64.7 million to $110.2 million or by 70 per cent relative to the same period of 2021. 
 
The company said sound and agile revenue growth strategies enabled it to build its resilience against the changing circumstances of the COVID-19 pandemic.
 
Cost of sales decreased from $35.9 million to $33 million.
 
JFP also saw increased gross profit of 168 per cent, moving from $28.9 million to $77.3 million.
 
The company's gross profit margin also increased from 45 per cent to 70 per cent.


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