[ET Net News Agency, 15 January 2020] China Agri-Industries Holdings Limited (00606)
said for the year ended 31 December 2019, the company expects the profit attributable to
owners of the company to range from HK$1,200 million to HK$1,240 million, being about 11%
to 8% less than that of about HK$1,346 million for the year ended 31 December 2018.
In 2019, changes in trade policies of certain major global economies brought market
fluctuations and made it more challenging for the Group to make business decisions. The
breeding industry witnessed falling hog stocks mainly due to the impact of African Swine
Fever, resulting in a weaker demand for soybean meal and other materials for animal feed.
(RC)