China Yurun says expects Q3 profit to fall
Updated: 2011-09-26 15:58
(Agencies)
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China Yurun Food Group said on Sept 26 it expected its earnings in the third quarter to fall due to bad publicity and rising costs.
Unfavourable conditions are also likely to continue to impact its business in the fourth quarter, the company said in a filing to the Hong Kong stock exchange.
Earlier this month, Yurun said it found a live hog at one of its subsidiaries in China that tested positive for clenbuterol, an illegal additive used in pig feed to keep their meat lean.
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