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China Starch Hldg Ltd Comments On H1 2013 Earnings Guidance


Friday, 14 Jun 2013 12:01am EDT 

China Starch Hldg Ltd announced that, based on the preliminary review of the unaudited consolidated management accounts of the Company for the five months ended May 31, 2013, there was a decline in the Company's revenue and net profit in this five-month period as compared with those for the same period in 2012. The decline was, based on information currently available, mainly attributable to (i) the decrease in selling price of cornstarch, lysine and starch-based sweetener; and (ii) the temporary suspension of operation of the production plant in Linqing in April and May 2013. The decline is expected to have an adverse impact on the operating profits of the Company for the first half of 2013. 

Company Quote

0.202
0.0010 +0.50%
17 Apr 2014