China New Borun Corporation (BORN) Reports Q1 EPS of RMB0.61, Offers Q2 Guidance
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China New Borun Announces First Quarter 2015 Unaudited Financial Results
May 21, 2015 4:30 PM EDTBEIJING, May 21, 2015 /PRNewswire/ -- China New Borun Corporation (NYSE: BORN; "Borun" or the "Company"), a leading producer and distributor of corn-based edible alcohol in China, today announced its unaudited financial results for the first quarter ended March 31, 2015.
Mr. Jinmiao Wang, Chairman and Chief Executive Officer of Borun, commented on the results, "We are glad that our top line beat the high end of our guidance for the first quarter, as we experienced better-than-expected demand for edible alcohol. However, the competitive landscape during the first quarter continued to be very challenging for the mid-to-low end... More
