YuanShengTai Dairy Farm Limited Provides Earnings Guidance for the Six Months Ended June 30, 2016
February 20, 2017 at 10:24 am
YuanShengTai Dairy Farm Limited provided earnings guidance for the six months ended June 30, 2016. For the period, the company expected that the company will record a net loss as compared to a net profit for the year ended 31 December 2015 primarily due to the following reasons: imported milk powder and reconstituted milk continued to adversely affect the supply of the domestic raw milk market in China in fiscal year of 2016.