China Agri-Industries Holdings Ltd (0606.HK)
13 Dec 2017
* Unit full extent to dispose Cofco Biofuel And Cofco Biochemical For HK$8.58 Billion
BEIJING, Aug 30 China Agri-Industries Holdings Ltd, a subsidiary of top Chinese grains trader COFCO, swung to profit in the first six months of the year, helped by a big jump in profitability in its ethanol and oilseeds segments.
* HY profit attributable HK$1,059.0 million versus loss of HK$223.3 million
* Expected to record significant turnaround in profitability for HY as compared to corresponding period of 2016