Poultry firm ahead

POULTRY and chicken-feed producer Shanghai Dajiang has announced an interim profit of 69.5 million yuan (about HK$62.27 million) for the six months to June 30.

Earnings per share were 14 fen.

Operating income was 664.95 million yuan and net assets per share was 1.95 yuan.

In July, the B-share company announced plans to issue convertible bonds worth up to US$50 million to expand its core business.

The agriculture-based firm is controlled by Hong Kong-listed Thai conglomerate C P Pokphand, through a stake owned by Chia Tai Shanghai Co.

As of last November, Shanghai Dajiang operated nine feed mills, 41 poultry breeding farms, seven hatcheries and five food-processing plants.