China Shengmu Organic Milk Expects to Swing to Loss in 2024

MT Newswires Live

2025/02/17

China Shengmu Organic Milk (HKG:1432) expects a loss attributable to owners of the parent between 60 million yuan and 80 million yuan in 2024, against an attributable profit of 86.1 million yuan logged for 2023, a Friday Hong Kong bourse filing said.

The company attributed the expected swing to a decline in sales volume and revenue and an increase in loss from changes in the fair value of biological assets.

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