United Food Holdings Limited Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2016; Reports Unaudited Consolidated Impairment Loss for Property, Plant and Equipment for the Fourth Quarter Ended December 31, 2016
For the year, the company's revenue was RMB 265,744,000 against RMB 2,211,658,000 a year ago. Loss before tax was RMB 226,657,000 against RMB 971,483,000 a year ago. Loss for the period from the continuing operations was RMB 226,657,000 against RMB 971,483,000 a year ago. Loss for the period was RMB 229,263,000 against RMB 974,221,000 a year ago. Loss attributable to owners of the company was RMB 229,263,000 against RMB 974,221,000 a year ago. Diluted loss per share was RMB 2.08 against RMB 8.85 a year ago. Net cash flows used in operating activities was RMB 159,766,000 against RMB 282,438,000 a year ago. The significant decrease in revenue was mainly due to the suspension of the production of the Soybean Processing Division since 5 July 2015.
For the quarter, the company's impairment loss for property, plant and equipment was RMB 51,547,000 against RMB 131,070,000 a year ago.