October 30, 2013

DaChan sees profit turn to loss in first three quarters of 2013 

DaChan Food (Asia) Limited (DaChan) announced its financial results for the first three quarters of 2013 on October 25. From January to September, the company suffered a loss of RMB26.8 million (US$4.40 million).

In this period, the company's generated sales revenue of RMB8.428 billion (US$1.38 billion), maintaining the same mark as of that in 2012.

However, the net loss is a stark contrast to the company's performance of last year. During the same period of 2012, DaChan raked in a net income of RMB50.64 million (US$8.31 million).

DaChan mainly engages in the manufacturing and trading of feed, poultry, meat products and processed food.