China New Borun Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Revenue Guidance for the Third Quarter of 2015; Provides Earnings Guidance for the Full Year of 2015
For the six months, the company reported revenues of RMB 1,291,563,662 against RMB 1,294,618,856 a year ago. Operating income was RMB 118,530,647 against RMB 134,078,412 a year ago. Income before income taxes was RMB 71,868,432 against RMB 80,391,949 a year ago. Net income was RMB 53,901,324 against RMB 60,293,961 a year ago. Basic and diluted earnings per share were RMB 2.10 against RMB 2.34 a year ago.
The company estimates that its revenue for the third quarter of 2015 will be in the range of RMB 630 million to RMB 670 million, an increase of approximately 19.1% to 26.6% over the same quarter of 2014.
The company anticipates greater profits for full year 2015.