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Cofco Sugar Holding Q3 Profit Plummets 55%; Shares Down 6%
COFCO Sugar Holdings Co., Ltd. Third Quarter Report 2024
Is the low sugar price dragging down? Cofco Sugar Holding's net income in Q3 decreased by more than 50% year-on-year | Interpretations
①Cofco Sugar Holding achieved revenue of 7.757 billion yuan in Q3, a year-on-year decrease of 30.41%, achieving a net income of 0.299 billion yuan, a year-on-year decrease of 55.41%; ② The company's revenue and net income have experienced consecutive year-on-year declines for two quarters, and the year-on-year decline is expanding.
Express News | cofco sugar holding: net income of 1.162 billion yuan in the first three quarters, a year-on-year decrease of 19.33%.
Express News | Cofco Sugar Holding: In the third quarter of 2024, net income decreased by 55.41% year-on-year.
Cofco Sugar Holding (600737.SH): The corresponding products are distributed and sold in major retail stores such as Walmart, Yonghui, and Pandeonglai.
On September 18, COFCO Sugar Holding (600737.SH) stated on the investor interaction platform that the company's tomato business actively promotes the 'from external to internal, from large to small' global strategy, continuously developing the product categories of diced, sauce, and juice. It has established brands such as 'Tunhe', 'Ding Ding Li Xian Ji', 'Tun Xiao Chu', and the corresponding products are distributed and displayed in major retail stores such as Walmart, Yonghui, and ParknShop.
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