Dekon Food and Agriculture (HKG:2419) expects a net loss of between 1.2 billion yuan and 1.4 billion yuan for the six months ended June 30, compared with a net profit of 1.23 billion yuan a year prior.
The livestock company attributed the forecast mainly to a downturn in the hog market, a drop in the selling price of hogs, pressure on the gross profit of its hog breeding business, and a gross loss, according to a Wednesday Hong Kong bourse filing.
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