China’s biggest poultry supplier said profits will be hurt by a report that some of its chicken wasn’t properly inspected, as Yum! Brands Inc. (YUM) and McDonald’s Corp. (MCD) said they stopped buying meat from the company. Sales and profit will sustain a “certain amount of impact,” New Hope Liuhe Co. said in a Dec. 29 statement to Shenzhen’s stock exchange. State-broadcaster China Central Television reported Dec. 18 that Liuhe and other suppliers weren’t properly inspecting chicken bought from farmers for antibiotics and hormones.
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