C.P. Pokphand Co. Ltd. Provided group earnings guidance for the six months ended June 30, 2017. Based on (i) a preliminary review of the Group's unaudited consolidated management accounts for the five months ended 31 May 2017 and (ii) the Company's preliminary estimates of the Group's results for the month of June 2017, which take into account the Company's preliminary estimate of the expected negative net change in fair value of biological assets due to the depressed market prices of swine in Vietnam as at 30 June 2017, the Group is expected to record a consolidated loss attributable to Shareholders of between USD 10 million and USD 20 million for the six months ended 30 June 2017. This estimated loss compares to the consolidated profit attributable to Shareholders of approximately USD 154 million for the corresponding period last year (which took into account a positive net change in fair value of biological assets). Such significant decrease in consolidated profit is primarily due to the continued drop in Vietnam swine prices as compared to those prevailing in the corresponding period last year, resulting in a significant drop in profit margins of the Vietnam farming business and a significant negative net change in fair value of biological assets.