Expansion drive sends China Food into the red

Aim listed manufacturer of cooking and dipping sauces China Food Company made an annual pre-tax loss following costs related to the launch of its new Xaka soya sauce and marketing costs related to its expansion drive.

Aim listed manufacturer of cooking and dipping sauces China Food Company made an annual pre-tax loss following costs related to the launch of its new Xaka soya sauce and marketing costs related to its expansion drive.

The group served up a pre-tax loss of £338,000 in the year ended 31 December 2011 compared to a profit of £3.8m the year earlier. Revenue increased by 12.1% to £40.2m while gross margin increased by 9.4% to £8.6m.

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