CHINA-AGFEED BIG PLAYERS IN CHINA.
Shares of AgFeed Industries Inc. soared Monday, after China-based animal feed maker and pork producer said its full-year profit more than doubled thanks to a steep increase in its hog production capacity.
AgFeed shares jumped 75 cents, or 69.4 percent, to $1.83 in midday trading. Over the past 52 weeks, the company’s shares have traded between 90 cents and $21.31, and are off nearly 33 percent since the start of the year.
AgFeed posted a profit of $16.9 million, or 53 cents per share, up from $6.7 million, or 25 cents per share, in 2007.