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China Starch: Lysine Business Slump4 Months Net Profit Falls 36%

 Last Update: 2020-06-30
 Source: Internet
 Author: User

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On May 20,, China Starch (03838HK) issued a profit warning announcement, after preliminary accounting, it is expected that the four-month net profit ending in April 2014 will be significantly reduced by 36% compared to the same periodZCT
The company said the sharp decline in net profit was mainly due to a sharp drop in lysine prices during the period, and the lysine division's performance was worse than in the same periodThe company's lysine division recently began to record a trade loss, resulting in a decline in net profitZCTmay be on May 20, China Starch (03838HK) reported a sharp decrease of 36% in net profit for the four months ending April 2014ZCT
The company said the sharp decline in net profit was mainly due to a sharp drop in lysine prices during the period, and the lysine division's performance was worse than in the same periodThe company's lysine division recently began to record a trade loss, resulting in a decline in net profitZCT
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