Sumpo Food Holdings Limited provided earnings guidance for the year ended December 31, 2012. The company expects that the results of the company and its subsidiaries for the year ended December 31, 2012 may experience a significant decline as compared to the profit recorded for the year 2011.
Based on the information currently available, such decline is mainly due to the decrease in gross profit margin of the products of the Group as a result of the decrease in market selling prices of chicken meat products and the escalating raw material prices and operating costs during the year.