Nanning Sugar three quarter profit big drop nearly 60%

Today, Nanning Sugar released its third-quarter results, which showed a net profit of only 14.867 million yuan in the 3 quarter, down 59.51% from a year earlier. More than 90% per cent of the reported performance growth is far from being.　　According to the company's note, the sharp drop in performance is mainly due to the mechanism price of its auxiliary industry, drag performance growth. Since the second half of the year, Zhengzhou Commodity exchange sugar futures price cumulative rise to 30%.　　To make sugar industry for the main business of Nanning Sugar shares began to start in July, from about 13 yuan along the way, the current has more than 25 yuan, the cumulative rise nearly one times.　　Some funds quietly evacuated in the three quarter but the company's performance can not be entirely determined by the sugar price, the three-quarter sugar price remained at a high position of 5000-5500 yuan/ton, while sugar prices remained near 4500 yuan/ton in the same period last year, but the company's performance was nearly 60% per cent year-on-year. As at the end of the three quarter, in the middle of the newspaper appeared in the Everbright Baode Letter Advantage Configuration Fund and Everbright Baode Letter Small disk fund has withdrawn.