Daodaoquan Grain and Oil Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 28, 2022 at 09:30 am EDT
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Daodaoquan Grain and Oil Co.,Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 1,236.4 million compared to CNY 1,299.37 million a year ago. Revenue was CNY 1,236.4 million compared to CNY 1,299.37 million a year ago. Net loss was CNY 54.02 million compared to net income of CNY 81.63 million a year ago. Basic loss per share from continuing operations was CNY 0.16 compared to basic earnings per share from continuing operations of CNY 0.3 a year ago. Diluted loss per share from continuing operations was CNY 0.16 compared to diluted earnings per share from continuing operations of CNY 0.3 a year ago.
Daodaoquan Grain and Oil Co Ltd is a China-based company principally engaged in the research and development, production and sales of edible vegetable oil products. The Company's main products include packaged rapeseed oil, soybean oil, corn oil, sunflower oil and its blending oil. Its products include pressed rapeseed oil, original coriander seed oil, mellow coriander seed oil, concentrated coriander seed oil, pure rapeseed oil, pressed corn oil, pressed sunflower seed oil, edible plant blending oil and other specifications. The Company distributes its products under the Daodaoquan brand. The Company mainly distributes its products with domestic market.