Brief: Global Bio-Chem Technology Sees HY Gross Profit Down 70%

Global Bio-chem Technology Co

08/08/2019 12:11

Aug 8 (Reuters) - Global Bio-chem Technology Group Co Ltd
 0809.HK :
    * GROSS PROFIT RECORDED BY GROUP FOR SIX MONTHS ENDED 30
JUNE 2019
DECREASED SIGNIFICANTLY
    * DECREASED GROSS PROFIT ATTRIBUTABLE TO INCREASE IN PRICE
OF CORN
STARCH
    * EXPECTED THAT CO'S GROSS PROFIT FOR SIX MONTHS WOULD DROP
BY AT
LEAST 70%, NET LOSS FOR PERIOD TO INCREASE BY AT LEAST 9%

Source text for Eikon:  ID:nHKS5w75Ql 
Further company coverage:  0809.HK 

 ((Reuters.Briefs@thomsonreuters.com;))