China poultry company Sunner Development's losses widen

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  Chinese poultry company Fujian Sunner Development's net losses widened during the first quarter of FY 2015.

  From WATTAgNet:
  Chinese poultry company Fujian Sunner Development on April 27 reported that its net loss for the first quarter of fiscal year 2015 had widened to CNY 194.9 million (US$31.45 million). The loss was substantially larger than the net loss it experienced during the same quarter of fiscal year 2014, of CNY 115.7 million yuan (US$18.9 million).
  Sunner Development, one of the biggest poultry producers in China, sells frozen chicken to the Chinese fast food, food processing, and wholesale markets. Through its vertically integrated facilities, Sunner has oversight of the full production chain, ranging from chicken farming to the management of feed mills to processing, which the company says better ensures safe and quality food products.
  The company has had its share of financial struggles since 2013, as it has experienced problems with shrinking poultry consumption, losses from avian influenza, and rising feed prices. The Chinese poultry industry has continued to see struggles since then, with continued avian influenza cases and food safety scandals.
  According to the WATT Global Media Top Companies Database, Sunner Development processes about 200 million birds annually. The company operates two processing plants, three hatcheries and three feed mills.  The company has a vertically integrated joint venture with U.S.-based OSI Group, SunOSI in China.