Fujian Sunner net profit shows increase

The 2009 un-audited net profit for China's broiler producer, Fujian Sunner Development Co. rose 10.69% to RMB200.7 million (US$29.4 million).

Earnings per share came in at RMB0.53 (US$0.08), the company said in a statement to the Shenzhen Stock Exchange on February 26.

Fujian Sunner, a core chicken supplier to KFC in south China, went public in Shenzhen last October after raising a net RMB765 million (US$112 million) . It offered 41 million new shares at RMB19.75 (US$2.89) each.

Fujian Sunner closed down 0.79% at RMB27.78 (US$4.07) on February 26.