BEIJING (dpa-AFX) - China New Borun Corp. (BORN) released earnings for its first quarter that rose from last year.
The company said its bottom line advanced to RMB25.25 million, or RMB0.98 per share. This was higher than RMB15.79 million, or RMB0.61 per share, in last year's first quarter.
The company said revenue for the quarter fell 14.8% to RMB486.58 million. This was down from RMB570.93 million last year.
China New Borun Corp. earnings at a glance:
-Earnings (Q1): RMB25.25 Mln. vs. RMB15.79 Mln. last year. -Earnings Growth (Y-o-Y): 59.9% -EPS (Q1): RMB0.98 vs. RMB0.61 last year. -EPS Growth (Y-o-Y): 60.7% -Revenue (Q1): RMB486.58 Mln vs. RMB570.93 Mln last year. -Revenue Change (Y-o-Y): -14.8%
Copyright RTT News/dpa-AFX