News Column

Xiwang Foodstuffs H1 Net Down 15%

August 14, 2014



BINZHOU, August 14, SinoCast -- Xiwang Foodstuffs Co., Ltd. (SZSE: 000639) revealed gross operating revenue of CNY 771 million in the first half of 2014, declining 23.7% from a year earlier. Net profit attributable to parent owner reached CNY 49 million, lessening 14.74%. In the reporting period, domestic edible oil prices remained dim, affected by rich international edible oil supply, high stockpiles and weakening demand resulted from depressive economic situation.


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Source: Sinocast Consumer Products Beat (China)


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