October 22, 2007

Operating revenues for China's Shuanghui up 39 percent
 

Operating revenues for China's biggest meat and poultry producer Henan Shuanghui Investment and Development jumped 38.8 percent to RMB 15.08 billion (US$2 billion) for the first three quarters of the year, the company announced last week.

Net profit rose 21.8 percent on-year to about RMB 410 million (US$54.55 million) and investment income rose 118 percent to about RMB 72.96 million (US$9.7 million) .

At the same time, finance expenses were more than 3 times lower than the previous year.

The company recently reaped in a 138-percent return on investment from its shares in China Shenhua Energy Co.

Shuanghui is involved in meat and foodstuff processing and sales, packaged goods manufacture and sales, food investment as well as logistic services.