Jatcorp to report losses amid legal strife in China
Summary by Inside FMCG
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Jatcorp to report losses amid legal strife in China
Plant-based food maker Jatcorp has flagged a loss as high as $8 million this financial year. The figure reflects a further net loss of $1.5 million to $1.9 million in the second half of this financial year, compared with $6.1 million reported for the first half. Revenue for this period declined by around $39 million, mainly due to Jatcorp’s decision to stop its international trading and the unexpected suspension of its Neurio-branded products i…
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