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Poultry Processing & Slaughter
on November 30, 2011

Anhui Poultry net income down over 2010 numbers

Breeding unit revenue sees increase, feed and food units decrease

Chinese duck breeder and processor Anhui Taiyang Poultry Co. Inc. reported a net income of $1.7 million for the nine months ending September 30, 2011, down 60.5% from 2010's $4.4 million, according to the company's latest financial report

Part of the drop in income, according to Anhui, can be attributed to one-time gains in the sale of a fertilizer plant and the collection of a previously written-off account receivable in 2010. In addition, bad debt charges and increased income tax expenses affected 2011's net income.

Anhui's breeding unit saw a 57.3% increase in revenue in the first nine months of 2011 over 2010 numbers, bringing in $12.2 million compared to $7.7 million. The feed and food units saw 54% and 50.6% drops in revenue, respectively, coming in at $4.3 million and $6.8 million compared to 2010's $9.4 million and $13.7 million.

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