Yamada Green Resources said it expects the company to record a loss for the three months ended 30 June 2012 (4Q2012) compared with a profit for the corresponding three months ended 30 June 2011 (4Q2011).
However, the company expects to remain profitable for the financial year ended 30 June 2012.
The group is expected to report a loss for 4Q2012 mainly due to loss from changes in fair value of biological assets; lower gross profit from sales of self-cultivated fungi in this quarter; and higher operating expenses due to payment under Yamada Performance Share Plan which is recorded in this quarter.
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