C.P. Pokphand Co. Ltd. provided earnings guidance for the nine months ended September 30, 2018. Based on preliminary information, the consolidated profit attributable to the Shareholders for the nine months ended 30 September 2018 is expected to increase by approximately four times when compared to the corresponding amount for the nine months ended 30 September 2017. Such increase in consolidated profit was mainly attributable to the recovery of swine prices in Vietnam as compared to nine months of 2017, resulting in an increase in profit margins of the Vietnam farming business and a significant positive net change in fair value of biological assets as at 30 September 2018. However, the positive effects of the recovery in Vietnam swine prices on the Group's performance were affected to some extent by a reduced profitability at agri-food business in China attributable mainly to (i) losses at recently acquired integrated poultry business in China and (ii) losses at new food factories in China which commenced trial operation at the end of 2017.