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Chuying Agro-Pastoral reports 146.96% in net profit for Q1

Apr. 18, 2012 (China Knowledge) - Chuying Agro-Pastoral Group Co Ltd<002477>, which is mainly engaged in the breeding and distribution of livestock and poultry, said yesterday that its net profit soared 146.96% year on year to RMB 105 million in the first quarter of this year.

The Shenzhen-listed company saw its operating jump 93.94% year on year to RMB 375 million in the period.

Chuying Agro-Pastoral estimated that its net profit growth for the first half to slow to between 30% and 70%, due to a decline in the price of live pigs.

The Henan-based company also said that it plans to invest RMB 300 million to breed 100,000 Tibetan pigs in Milin County of the Tibet Autonomous Region.

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