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SINGAPORE: Singapore-listed China Kangda Food Company said that it expects to report a lower net profit for the nine months ended September, from a year ago.
The company said that this is mainly due to a fall in demand for rabbit meat in the European Union, a decline in sale orders for processed food from Japanese customers and an excess supply of chicken meat products to China.
The company will provide details of its financial performance with the release of its third quarter results.
- CNA/sc
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