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Provider: Thomson Reuters Stock Report

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Shenzhen Agricultural Products Co Ltd Announces FY 2013 H1 Net Profit Outlook

Wednesday, 10 Jul 2013 08:00pm EDT 

Shenzhen Agricultural Products Co Ltd announced that it expects its net profit for the first half of fiscal year (FY) 2013 to decrease by approximately 60% (approximately RMB 36 million), compared to the net profit of the same period in FY 2012 (RMB 91,183,100). The Company cited the loss of RMB 27 million caused by fire accident in its Shanghai-based agricultural products wholesales market; decrease of pork price and disordered competition of slaughter market, as well as a gain of RMB 12.88 million in transferring a Qingdao-based company's equity in the last fiscal year as the main factors for the forecast. 

Company Quote

0.81 +7.98%
24 Apr 2014