Hi,
moomoo ID:NaN
Log Out
English
Back
Log in to access Online Inquiry

China Star Food Returns to Black in Fiscal H2 Amid Recovery of Economic Activities; Shares Climb 8%

MT Newswires ·  {{timeTz}}

12:41 AM EDT, 05/31/2022 (MT Newswires) -- China Star Food (SGX:42W) booked a profit attributable to the owners of 2.9 million yuan ($435,102) in the fiscal second half ended March 31, against an attributable loss of 2 million yuan in the year-ago period.

The potato farming company said it returned to profit mainly due to the recovery of economic activities from the prolonged impact of the COVID-19 pandemic since February 2020.

Meanwhile, revenue for the period inched up to 158.1 million yuan from 157 million yuan, according to a late Monday filing.

The company added that the rate of increase in revenue decreased towards the end of the reporting period due to the negative impact of a resurgence in COVID-19 cases in China.

China Star Food's shares were up 8% in recent trade.

Price (SGD): S$0.03, Change: S$0.00, Percent Change: +8.33%

This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty as to its adequacy, completeness, accuracy or timeliness for any particular purpose of the above content.

Moomoo is a financial information and trading app offered by Moomoo Technologies Inc.
In the U.S., investment products and services available through the moomoo app are offered by Moomoo Financial Inc., a broker-dealer registered with the U.S. Securities and Exchange Commission (SEC) and a member of Financial Industry Regulatory Authority (FINRA)/Securities Investor Protection Corporation (SIPC).
In Singapore, investment products and services available through the moomoo app are offered through Moomoo Financial Singapore Pte. Ltd. regulated by the Monetary Authority of Singapore (MAS). Moomoo Financial Singapore Pte. Ltd. is a Capital Markets Services Licence (License No. CMS101000) holder with the Exempt Financial Adviser Status. This advertisement has not been reviewed by the Monetary Authority of Singapore.
In Australia, financial products and services available through the moomoo app are provided by Futu Securities (Australia) Ltd, an Australian Financial Services Licensee (AFSL No. 224663) regulated by the Australian Securities and Investment Commission (ASIC). Please read and understand our Financial Services Guide, Terms and Conditions, Privacy Policy and other disclosure documents which are available on our websites https://www.futuau.com and https://www.moomoo.com/au. Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd. and Futu Securities (Australia) Ltd are affiliated companies.