Guannong Generated 182 Million Yuan Profit during First Nine Months

By CnAgri2013-11-27 11:28:13 Print

During the first three quarters of 2013, Guannong saw 7.98% year on year growth of net profit, to hit 182 million yuan and the benefit from each share was 0.5016 yuan.

During this period, the company generated 542 million yuan turnover, down 21.09% year on year. The halt of operation of the fruit/vegetable sector in 2012 and the thinning of fruit/vegetable stock led to the reduction of sales quantity in 2013.

Till September, the account receivable of the company had been 6.41 million yuan, down 83.06% from the beginning of the year due to the recovery of the payment to its tomato ketchup.

From “China Soft Drink Market Monthly Report”