China Modern Dairy Projects Net Loss Amid Strategic Adjustments and Market Challenges
Source: The DairyNews
China Modern Dairy Holdings Ltd. forecasts a net loss ranging from RMB 180 million to RMB 240 million for the first half of 2024, a stark contrast to the net profit recorded during the same period last year.
Despite this anticipated loss, the company projects a substantial increase in cash EBITDA, showcasing resilience in a challenging market environment.
The expected net loss is primarily attributed to strategic adjustments in herd size and decreased market prices for eliminated cows. In response, China Modern Dairy is implementing cost-saving measures and efficiency improvements to support future development and enhance operational performance.
Image by moderndairyir.com
