Joyvio Food's Q1 Loss Narrows; Shares Jump 9%
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Joyvio Food's attributable loss widened to 180.9 million yuan in the first quarter from 88.0 million yuan in the year-ago period, according to a Friday filing by parent company Legend Holdings with the Hong Kong bourse. Loss per share at the Chinese agricultural products company widened to 1.0385 yuan from 0.5054 yuan in the prior-year period. Revenue declined 34% to 677.5 million yuan from 1.03 billion yuan in the year-ago period. Shares in Joyvio surged 9% during afternoon trading on Friday.
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