The loss comes even as revenue remained steady at around RMB1.3 billion when compared to a year ago, with a 5.8% increase in sales turnover and higher gross profit margin to 8.3% from 8% previously.
SINGAPORE (Mar 29): China Kangda Food Company posted a FY17 loss of RMB15.8 million ($3.3 million) compared to earnings of RMB6.3 million a year ago.
In a Wednesday filing, the group attributes the full-year loss largely to higher mortality rates of chicken resulting from bad weather, as well as higher administrative costs.
