Muyuan Foods' Finished Hog Revenue Falls 6% in September
MT Newswires Live
Oct 12
Muyuan Foods (SHE:002714, HKG:2714) generated 8.52 billion yuan in sales revenue from finished hogs in September, down 6% from a year prior, according to a Hong Kong bourse filing on Sunday.
The lower revenue came despite a 15% year-over-year increase in sales volume, with finished hogs totaling 6.4 million heads for the month. The average selling price of finished hogs stood at about 10.36 yuan per kilogram, down 20% year over year.
The company attributed the drop in sales revenue and lower selling prices to fluctuations in hog market conditions.
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