China Food's earnings take a dip

China Food Company (CFC), the Chinese manufacturer of cooking and dipping sauces listed on AIM, says the launch cost of its new Xaka brand has eaten into profitability.

China Food Company (CFC), the Chinese manufacturer of cooking and dipping sauces listed on AIM, says the launch cost of its new Xaka brand has eaten into profitability.

The company's latest update suggests an increase in turnover in 2011 to £40m, a rise of 12% on 2010, but well below the £49.5m the market had been expecting.

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