DEKON AGR (02419) is expected to achieve a profit of approximately 3.1 billion to 3.3 billion yuan before adjusting the fair value of biological assets for the year compared to a loss in the previous year.

DEKON AGR (02419) announced that the group is expecting a profit of approximately RMB 3.1 billion to RMB 3.3 billion before fair value adjustments of biological assets for the year ending on December 31, 2024, compared to a loss of approximately RMB 1.279 billion before fair value adjustments of biological assets for the year ending on December 31, 2023. The announcement stated that the expected turnaround from loss to profit is mainly attributed to the increase in the selling price of pigs compared to the previous year, as well as the continued improvement in the company's management efficiency and production indicators, combined with the impact of decreasing feed and feed raw material prices, resulting in a significant decrease in production costs year-on-year.