Dekon Food and Agriculture Group provided consolidated earnings guidance for the year ended December 31, 2023. For the period, the company expected that the group will record a loss before biological assets fair value adjustments of not more than RMB 1,300 million and a net loss of not more than RMB 2,000 million for the year ended 31 December 2023 (comprising losses from changes in fair value of biological assets of approximately RMB 700 million, which was mainly due to a decrease in market price of market hogs in China, and does not have impact on the company's actual operations), as compared to a profit before biological assets fair value adjustments of RMB 605 million and a net profit of approximately RMB 909.8 million for the corresponding period in 2022.
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53.2 CNY | +0.38% | +6.19% | +3.40% |
Apr. 22 | Dekon Food and Agriculture Group Swings to Loss in 2023 | MT |
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1st Jan change | Capi. | |
---|---|---|
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-4.13% | 2.82B | |
+20.70% | 2.82B | |
-8.27% | 1.47B | |
-10.10% | 874M | |
-36.88% | 836M | |
-31.51% | 489M | |
+6.84% | 353M | |
-24.66% | 250M | |
-6.00% | 187M |
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- Dekon Food and Agriculture Group Provides Consolidated Earnings Guidance for the Year Ended December 31, 2023