Livestock Companies’ Profit Dropped Sharply in Jan. ~ June

By CnAgri2013-08-12 11:18:10 Print Due to bird flu, bearish meat price and growing cost of production, livestock companies found their profit drop sharply in the first half of this year and some even suffered losses.
 
Truin Livestock Co., Ltd. realized a sales revenue of RMB846.483 million and a net profit of RMB41.773 million in the first half of this year, up 14.05% but down 78% respectively on the year-on-year basis.
 
Huying Agriculture Co., Ltd. saw its revenue slip 8.14% in the first half of this year on the year-on-year basis to a level of RMB802.188 million. The company actually suffered a loss of RMB67.357 million.
 
Dakang Livestock Co., Ltd. realized a sales revenue of RMB439.18 million and a net profit of RMB1.14 million in the first half of this year, up 52.08% but down 95.88% respectively on the year-on-year basis.

From “China Livestock and Feed Market Weekly Report”