China Agri announces 2018 Annual Results

China Agri-Industries Holdings Limited hosted Board Meeting on 29 March and approved the resolutions of 2018 annual results, dividends payment and other issues. Results announcement meeting were also conducted in Hong Kong afterwards to discuss business with investors.

Leveraging the Company’s integrated value chain, China Agri cautiously adjusted the pace of business to respond to market fluctuations and integrated its resources to promote market development and strategy optimisation. With partial exercise of the purchase option on certain oilseed processing assets, China Agri continued to expand the scale of its business and further strengthen its leading position in the industry.

Total sales volume of major vegetable oil, rice and flour products increased significantly to 23.228 million metric tons, further increasing the capacity utilisation rate. Revenue from continuing operations increased 23.9% year-on-year to HK$108,821.2 million, hitting a new record high. The increased gross profit helped offset the impacts of more marketing investments, etc. The Company’s total profit attributable to equity holders from continuing operations increased year-on-year to HK$1,346.1 million.

Directors of the Board and senior management attended the Board Meeting and relevant events.