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On December 31,, China Starch issued a warning announcementAlthough turnover (preliminary estimate) for the 11 months ended 30 November was stable compared to the same period in 2012, the Group's net profit for the period ended 30 November was significantly lower than in the same periodyXm
The company said the board was aware of the extreme downturn in the corn starch and lysine markets in 2013, despite the relatively stable cost of corn grains during the period, and that the prices of corn starch and lysine continued to be under pressure due to the market downturn and fell over the same period, resulting in a decline in the group's net profit during the periodyXmon December 31st, China Starch issued a warning announcementAlthough turnover (preliminary estimate) for the 11 months ended 30 November was stable compared to the same period in 2012, the Group's net profit for the period ended 30 November was significantly lower than in the same periodyXm
The company said the board was aware of the extreme downturn in the corn starch and lysine markets in 2013, despite the relatively stable cost of corn grains during the period, and that the prices of corn starch and lysine continued to be under pressure due to the market downturn and fell over the same period, resulting in a decline in the group's net profit during the periodyXm
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