April 15, 2008

China's Jiangxi Zhengbang posts 150-percent surge in pig feed profits

China-based Jiangxi Zhengbang Technology Co. posted its net profits to be around RMB 10 - 12 million (US$1.4 million - US$1.7 million), a 120 to 150 percent increase in the first quarter of 2008.

The company attributed the improved profits to its constant development of the pig feedstuff and breeding industries, and to the integrated large-scale production and breeding.

Furthermore, Jiangxi also pointed that China's booming pig market and the soaring profits of the company's breeding subsidiaries also propelled its feedstuff sales.