Muyuan Foods Expects Swing to Loss in H1
Muyuan Foods (SHE:002714) forecasts a swing to an attributable loss of between 5.70 billion yuan and 6.70 billion yuan in the first half from an attributable profit of 10.5 billion yuan in the year-ago period, according to a Saturday filing with the Shenzhen bourse. Shares rose 2% during afternoon trading on Monday. The hog processing company expects a loss per share of between 1.03 yuan and 1.21 yuan from earnings per share of 1.96 yuan. The decline is attributable to an operating loss due to lower hog sale prices.
Muyuan Foods (SHE:002714) forecasts a swing to an attributable loss of between 5.70 billion yuan and 6.70 billion yuan in the first half from an attributable profit of 10.5 billion yuan in the year-ago period, according to a Saturday filing with the Shenzhen bourse.
Shares rose 2% during afternoon trading on Monday.
The hog processing company expects a loss per share of between 1.03 yuan and 1.21 yuan from earnings per share of 1.96 yuan.
The decline is attributable to an operating loss due to lower hog sale prices.