May 19, 2009
China's Yuhe Q1 gross profit rise 961.3 percent
Yuhe International Inc, a leading supplier of day-old chickens raised for meat production or broilers in China, announced Monday (May 18) its gross profit for the first quarter rose 961.3 percent to US$4.1 million.
That was in comparison to the first quarter of 2008 when the company made a gross profit of US$400,000.
Meanwhile, the company's revenue during the quarter reached US$10.9 million, an on-year increase of 320.6 percent or US$8.3 million. The hike in revenues was driven by the increase in sales volume to 23.1 million day-old broilers in the first quarter of 2009 compared to 4.8 million birds in the same period last year.
Yuhe also achieved a net income of US$2.9 million.
