Green-Land Biological Technology H1 Earnings Down 240%

Date:2011-08-22liuhongli  Text Size:
August 22 – Yunnan Green Land Biological Technology (002200) incurred a loss of 13.61 million for the first half of 2011, down 240.46 percent year-on-year, reports, citing a company filing. Sales revenues hit 74.06 billion yuan, a decrease of 61.98 percent year-on-year.

The firm is under investigation and its former Chairman He Xuecai was arrested on charges of stock fraud. The firm thus predicts it will lose between 15 and 20 million yuan for the first three quarters.

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