United Food Holdings Limited Provides Earnings Guidance for the First Quarter Ended March 31, 2016
May 03, 2016 at 02:25 pm EDT
United Food Holdings Limited provided earnings guidance for the first quarter ended March 31, 2016. Based on a preliminary review of the unaudited financial results of the company and its subsidiaries for the first quarter ended March 31, 2016, the Board of Directors expects a loss for first quarter of 2016. The Group's loss is mainly due to the stoppage of soybean production and a gross loss in animal feed products.