October 24, 2013

Dajiang Group's profit in first three quarters of 2013 soars

Shanghai Dajiang Food Group Co., Ltd. (Dajiang Group) announced its financial report for the first three quarters of 2013 on October 23.

From January to September, the company's sales revenue totalled RMB182 million (US$29.93 million), dropped by 23.32% on-year. Its net income reached RMB154 million (US$25.32 million), a jump from the same period of 2012, during when the company reported a net loss of RMB98.82 million (US$16.25 million).

The company cites the transfer or the sale of a number of its subsidiaries, and the tighter control of the operating cost for the profit gain. 

Dajiang Group manufactures and distributes food and machineries, and operates food retail chain stores. It provides meat kebabs, meat balls, rice, hamburgers and other western meat products, as well as machineries, including granulating machines, drying machines, grinders, mixers, coolers, extruders and gas filters.