China-based animal feeds manufacturer Walcom Group Ltd says that revenues in China are lower than anticipated.
Revenues from outside of China are in line with expectations but full year group revenues will be lower than the HK$45.5m generated in 2016. Interim revenues fell from HK$20.7m to HK$19.6m. The loss more than doubled from HK$1.45m to HK$3.25m. There was a full year profit in 2016 but there will be a loss this year.
There was $3.4m in the bank at the end of October 2017.
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