China Minzhong’s 4Q earnings dive 58%

SINGAPORE (Aug 11): China Minzhong Food Corp saw 4Q16 earnings plummet 57.7% to RMB 40 million ($8.1 million) from a year ago.

For the three months ended June, revenue sank 18.1% to RMB 379.9 million.

The decline was due to a decrease in sales of RMB 40.2 million from the cultivation business segment and RMB 78.5 million from the branded business segment.

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