Overview
China food ingredients distributor's interim revenue rose 1.5% yr/yr to RMB321.6 mln, driven by growth in fruit juice sales
Gross profit for the period declined 8.3% yr/yr
Company posted RMB48.0 mln interim net loss, compared to profit last year
Outlook
Company did not provide specific financial guidance
Result Drivers
FRUIT JUICE PRICE FLUCTUATIONS - Co said the decrease in gross profit margin was mainly due to fluctuations in market prices for certain fruit juice products
FAIR VALUE LOSS ON EQUITY INVESTMENT - Co said the loss was primarily attributable to a non-cash fair value loss on the Group's equity investment
Key Details
Metric
H1 Revenue
Beat/Miss
Actual
RMB 321.60 mln
Consensus Estimate
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