China New Borun Corporation (BORN) Reports Q4 EPS of $0.06
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China New Borun Announces Fourth Quarter and Full-Year 2016 Unaudited Financial Results
March 8, 2017 4:30 PM ESTBEIJING, March 8, 2017 /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 fourth quarter and full-year ended December 31, 2016.Â
Mr. Jinmiao Wang, Chairman and Chief Executive Officer of Borun, commented on the results, "Reflecting the robust baijiu industry fundamentals, our production facilities were running at 89% capacity in the fourth quarter of 2016, and as such, despite fewer production days due to a short maintenance shut down, we delivered healthy sales volume of 87,400 tons. Driven by... More
