Chicken farmer sees 2,700% profit leap

Beijing: A poultry company from eastern China said its profit will soar as much as 2,693% thanks to higher prices of white-feathered chickens.

Shandong Yisheng Livestock and Poultry Breeding Co expects to report first-half net income of 900 million to 905 million yuan (US$131mil), compared with just 32 million yuan in the same period last year, according to a filing to the Shenzhen stock exchange. The profit guidance followed “significant price hikes” on white-feathered broilers due to tight supply. Broilers are chickens raised for meat production.