News Column

Foshan Haitian H1 Net Up 27%

August 20, 2014

FOSHAN, August 20, SinoCast -- Foshan Haitian Flavoring and Food Company Ltd. (SHSE: 603288) revealed net profit of CNY 1.095 billion in the first half of 2014, rising 26.81% from a year earlier. Operating revenue reached CNY 5.027 billion, hiking 14.18%.

High-end products like soy sauce, catch-up and oyster sauce have boosted operating revenue growth.

In January, the company financed CNY 1.838 billion through IPO, which will be put into production expansion for soy sauce and condiments. Ended June 30, actual investment had totaled CNY 1.635 billion, taking up 91.42% of the total.

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: Sinocast Consumer Products Beat (China)

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters