Brief: Austasia Posts HY Loss Attributable RMB310.5 Mln

Austasia

23/08/2023 09:53

Aug 23 (Reuters) - AustAsia Group Ltd  2425.HK :
    * EXPECT OPERATING ENVIRONMENTS TO REMAIN DIFFICULT AND
CONSUMER
CONFIDENCE REMAIN LOW FOR REST OF YEAR
    * HY REVENUE RMB1.85 BILLION VERSUS RMB1.81 BILLION
    * HY LOSS ATTRIBUTABLE RMB310.5 MILLION VERSUS PROFIT
ATTRIBUTABLE
RMB194.1 MILLION
    * FOR WHOLE YEAR, WE TARGET TO REACH A MILK YIELD OF 13.5
TONS
    * SEES  SIGNIFICANT SMALL TO MID-SIZE AND LESS EFFICIENT
DAIRY
FARMS TO BE MADE REDUNDANT 
    * SEES  TO COMMENCE WAGYU IVF EMBRYO PRODUCTION AND
TRANSPLANTATION IN 2ND HALF OF 2023 


Further company coverage:  2425.HK 

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