China Agri shares sink 11% after H1 loss

High soybean prices hit COFCO unit; loss-making pressure said to continue in H2

The announcement of a first-half loss, combined with a profit warning for the rest of the year, sent China Agri-industries Holdings Ltd's shares down 10.9 percent to HK$3.19 (41 cents) on Wednesday.

The company, a subsidiary of the State-owned conglomerate, China Oil & Foodstuffs Corp, reported a loss of HK$290.2 million, compared with a year-earlier profit of HK$706.8 million.