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China's People's Food To Expand, But Net Profit Falls

by 5m Editor
26 November 2003, at 12:00am

CHINA - People's Food Holdings Ltd. (P05.SG), a Singapore-listed Chinese food processing company, said Wednesday it will expand operations even as the company's net profit fell 55% on year in the third quarter. The company will, for instance, boost its pig slaughtering capacity by 60% to 1.4 million metric tons next year, above its 1.1 million ton target for 2004.

5m Editor