China Yurun says expects Q3 profit to fall
Updated: 2011-09-26 15:58
(Agencies)
|
|||||||||||
China Yurun Food Group said on Sept 26 it expected its earnings in the third quarter to fall due to bad publicity and rising costs.
Unfavourable conditions are also likely to continue to impact its business in the fourth quarter, the company said in a filing to the Hong Kong stock exchange.
Earlier this month, Yurun said it found a live hog at one of its subsidiaries in China that tested positive for clenbuterol, an illegal additive used in pig feed to keep their meat lean.
Related Stories
China Yurun Food sees higher H1 net profit 2011-07-11 14:33
- Draft law for mandated warranties released
- Slower GDP growth in Q4 predicted
- VW again raises stakes with record investment
- Sky's the limit for owners of private jets
- McDonald's licensed for expansion
- Beijing's 2nd-hand home sales drop to 3-yr low
- Calls for faster tax reform
- A white knight riding to the rescue?