date:Feb 28, 2014
r weak trading conditions. Releasing its official results, leading processor Oriental Ocean this week announced its profits for 2013 slipped 38.59 percent year-on-year to CNY 60.8 million (USD 9.9 million, EUR 7.3 million), on revenues of CNY 616 million (USD 100.5 million, EUR 73.6 million) (down 9 percent year-on-year). The firm blamed the poor performance on rising labor and input costs and softer demand in the high end domestic catering sector. A boost in exports could be good news for Orien