Trusted Market and Commodities-Trade Intelligence
According to semi-annual reports published by two sugar enterprises in China in Aug. 2015, it was the recovering domestic white sugar market that made them turn loss into gain in H1 2015. In detail, the revenue and net profit of Nanning Sugar Industry Co., Ltd. (Nanning Sugar) in the period grew by 14.4% and 145.5% year on year respectively. Moreover, those of Guangxi Guitang (Group) Co., Ltd. (Guangxi Guitang) increased by 9.9% and 122.3% year on year respectively.
On 14 July, 2015, Nanning Sugar Industry Co., Ltd. (Nanning Sugar) published its pre-announcement about its performance in the first half of 2015. Accordingly, the company predicts that it turned loss into gain in H1 2015: its net profit changed from -USD8.6 million in H1 2014 to USD2.6 million-USD4.8 million in H1 2015.