C.P. Pokphand Co. Ltd. provided earnings guidance for the six months ended 30 June 2019. For the period, the company expects to record a consolidated profit attributable to shareholders of approximately USD 80 million for the six months ended 30 June 2019 as compared to that of approximately USD 107 million for the six months ended 30 June 2018. This expected worsened performance was mainly due to a difference in net change in fair value of biological assets. A positive net change in fair value of biological assets of approximately USD 84 million was recorded in 2018 First Half whereas a negative net change in fair value of biological assets is expected in 2019 First Half due to reduced swine prices in Vietnam. However, this negative effect on the group's performance in the 2019 First Half is partially offset by better performance of the business in China.