COFCO Joycome Foods Returns to Profit in H1 Despite Lower Revenue

MT Newswires Live08-28

COFCO Joycome Foods (HKG:1610) returned to an attributable profit of 251.4 million yuan in the first half from a loss of 469.6 million yuan in the year-ago period, according to a Wednesday filing with the Hong Kong Stock Exchange.

The meat products company returned to EPS of 0.0549 yuan from a loss per share of 0.1099 yuan in the previous year.

Revenue declined to 4.57 billion yuan from 5.82 billion yuan a year earlier.

Price (HKD): $1.48, Change: $-0.010, Percent Change: -0.67%

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