April 20, 2012

Yisheng Livestock's Q1 profit rise 18.8%

In the first quarter of 2012, Shandong Yisheng Livestock & Poultry Breeding Co., Ltd. earned a net income of RMB26.38 million (US$4.18 million), 18.8% higher from the previous year.

Operating revenue amounted to RMB1.448 billion (US$0.23 billion), increasing 13.89% from the January-March period of 2011. The company expects to see its net profit rise 20-40% in the first half of 2012 from RMB62.69 million (US$9.94 million) a year earlier on the strength of a mark-up of its major products.

Yisheng Livestock reported net profit of RMB234 million (US$37 million) for 2011, surging 393.43% from the previous year thanks to climbed sales price of baby chicken and chicken meat products. The company predicts a slower growth this year.