Safety scandals cut into Yurun profits

A series of food-safety-related scandals in the second half of 2011 took the shine off profits at China Yurun Food, which said full-year net profit fell 34 per cent to HK$1.8 billion last year, from HK$2.73 billion in 2010.

Saturday, 10 March, 2012, 12:00am

Market Calls

China Yurun Food (1068) had a huge week. The hog farmer and vendor of meat products issued a stock exchange announcement last Monday saying that negative press reports and rising materials costs will hurt profits. The firm's shares promptly fell 31 per cent on the day.

3 Oct 2011 - 12:00am

Yurun faces barrage of questions over governance

The mainland's largest pork processor, Hong Kong-listed China Yurun Food Group, found itself in the hot seat yesterday as it fielded questions over its corporate governance and other issues during an interim results briefing.

18 Aug 2011 - 12:00am

Yurun shares fall again to a two-year low

China Yurun Group extended its slump yesterday following bearish views on the company and speculation over accounting irregularities in the agricultural sector, becoming the second-biggest loser among Hong Kong stocks on the day.

29 Jun 2011 - 12:00am

Thinking small on price rises lifts Yurun Food profit

Raising product prices without driving away customers is something of an art, especially for food companies, which are battling to stem sliding margins caused by surging raw materials prices and the government's guarded policies to control prices.

China Yurun Food Group, one of the country's biggest pork-product makers, is a master of such an art.

21 Apr 2008 - 12:00am

Yurun net up 49.6pc on higher sales

China Yurun Food, the nation's largest maker of ham, sausages and other pork products, said first-half profit jumped 49.61 per cent on higher sales despite the recent outbreak of a pig disease in the country.

Profit for the six months ended June reached 380 million yuan from 254 million a year earlier.

Sales grew 63.7 per cent to 3.4 billion yuan.

30 Aug 2007 - 12:00am

Yurun Food bets on solid earnings to draw interest

Chilled pork producer hopes investors will not be scared off by the recent outbreak of a fatal pig disease in the mainland

20 Sep 2005 - 12:00am