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.

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: Sinocast Consumer Products Beat (China)

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters