In a filing to SGX on Tuesday, Dukang says its baijiu production was severely affected due to the implementation of emission reduction control measures, which led to high customer attrition in the second half of the year as the group was unable to fulfil the sales demand from distributors.
SINGAPORE (Aug 29): Baijiu producer Dukang Distillers Holdings sank deeper into the red with a loss of RMB112.4 million ($23.0 million) for the full year ended June, from a loss of RMB10.7 million a year ago.
Group revenue was nearly halved to RMB464.5 million in FY2017, from RMB865.0 million a year ago.
