Yongan Forestry is expected to lose 12 million yuan in first half

Yongan Forestry (000663) released the first half of today's results, the company 2010 1-June loss of 12 million yuan, the basic earnings per share-0.06 yuan, compared with the same period a year ago, the decline of up to 743%. The company said that the main reason for the last half year's performance losses was 2010 2-June, due to the continuous heavy rainfall, the damage of the material pavement is serious, resulting in a sharp reduction in timber production, the supply of wood-based panel raw materials, price increases, timber and MDF production than the same period last year down about 30%, seriously affecting the company's operating profits.