August 6, 2014
CAHIC's profit slips 14% in H1 2014
During the first half of 2014, China Animal Husbandry Industry Co., Ltd.'s (CAHIC) operating income rose 6% on-year to RMB1.58 billion (US$257.07 million), while net profit slipped 14% on-year to RMB 152million (US$24.73 million).
CAHIC says that the company's profit was affected by animal diseases and falling prices of livestock products, as well as increased operating cost.
Beijing-based CAHIC is mainly engaged in the manufacture and sale of animal health products and feed additives in China. The company offers biological products and vaccines, including diagnostic liquid products, avian influenza vaccines, foot-and-mouth disease vaccines and swine vaccines.
