United Food sees quarterly net loss widen to 27.6m yuan

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United Food sees quarterly net loss widen to 27.6m yuan.

MAINBOARD-LISTED United Food Holdings saw loss attributable to owners widen to 27.6 million yuan for the three months ended March 31 from a loss of 13.44 million yuan in the year-ago period, the firm said in its results release on Wednesday.

The quarter saw administrative expenses of 13 million yuan, a rise of 12.3 million yuan, due mainly to the consolidation of administrative expenses of newly-acquired subsidiaries.

 

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