August 7, 2013
Shuanghui Development's net profit for first half of 2013 up 64.95%
Henan Shuanghui Investment & Development Co., Ltd. (Shuanghui Development), the leading meat products provider in China, announced on August 6 that the company's net profit for the first half of 2013 was RMB1.69 billion (US$276.02 million), up by 64.95% on-year.
The company's sales revenue in the same period hit RMB20.31 billion (US$3.32 billion), an increase of 10.82% on-year.
Shuanghui Development cited the impact of increase in demands, expansion of production and sales scale, product structure adjustment and reduction in cost as the main reasons for this year's profit gains.
