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China Minzhong Q4 profit falls 22.6%; group stays upbeat

Singapore CHINA Minzhong Food Corp's fourth quarter net profit fell 22.6 per cent year on year to 125.9 million yuan (S$25.2 million) as revenue dropped 18.2 per cent to 663.6 million yuan. For the full year ended June 30, net profit fell 32.5 per cent to 509.5 million yuan while revenue eased