News Column

COFCO Tunhe H1 Makes Small Profit

August 25, 2014

XINJIANG, August 25, SinoCast -- COFCO Tunhe Co., Ltd. (SHSE: 600737) revealed operating revenue of CNY 3.823 billion in the first half of 2014, declining 23% from a year earlier. Net profit attributable to shareholders reached CNY 6.7766 million, lessening 86.76%. The company ascribed the decreasing profit to lowering sugar prices, which weakened profitability and dragged down sales volume. Selling prices of tomato sauces rallied, but sales volume slid 46.78%, cutting off income by CNY 121 million.

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Source: Sinocast Consumer Products Beat (China)

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