October 25, 2011
China Denghai Seeds' Q1-Q3 net profit slumps 28%
Shandong-based Denghai Seeds Co Ltd, a producer of corn seeds, vegetable seeds, wheat seeds and flower seeds based, posted a 27.91% decline in net profit in the first three quarters at RMB86.59 million (US$13.56 million).
Meanwhile its operating revenue decreased 15.79% on-year to RMB431 million (US$67 million), with earnings per share of RMB0.25 (US$0.04).
Denghai is one of China's major seed companies listed on the domestic stock market.
