Chinese agri-business group Sino Agro Food on Monday reported a 10 percent decline in net profit in the third quarter as production challenges in some of its operations offset a 16 percent rise in revenues.
Sino Agro reported a net profit of $27.7 million (€26 million) in the quarter on sales of $124.7 million (€117 million), against a $30.9 million (€29 million) profit on $107.2 million (€100.6 million) in the same quarter last year.
The company's aquaculture operations -- which Sino Agro is attempting to list on the Oslo Stock Exchange -- saw a 24 percent rise in revenues on the quarter to $28.8
