October 28, 2013

Guolian achieves profitability in first three quarters of 2013

 

Zhanjiang Guolian Aquatic Products Co., Ltd. (Guolian) released its financial report for the first three quarters of 2013. From January to September, Guolian raked in a net income of RMB26.26 million (US$4.31 million), turning losses in 2012 to profit.

During the same period of 2012, the company suffered a net loss RMB91.77 million (US$15.08 million).

In the first three quarters this year, Guolian generated an operating income of RMB1.619 billion (US$266.01 million), a whopping increase of 60.3% on-year.

Guolian attributes the rise in shrimp prices, the return on investment in some of the projects to the profit gains.

Guolian engages in the breeding, processing, trade and export of seafood products.