Dongling Grain & Oil expects net profit loss of about 180 million yuan last year

Dongling Grain & Oil (000893) announced its 2011 annual performance forecast on the evening of January 30. The company expects 2011 net profit attributable to shareholders of the listed company to lose about 180 million yuan, compared with a profit of 191 million yuan in the same period of last year.

According to the announcement, the company's average price of raw material soybeans and the average price of finished products sold after processing rose in 2011, but the increase in the average price of raw material soybeans was higher than the average price increase in finished products sold after processing. The company suffered a large loss in 2011.