April 3, 2012

China Corn Oil sees US$28.11-million increase in 2011 net return

China Corn Oil Co Ltd reported that in 2011 it earned RMB177 million (US$28.11 million) in net income, a rise of 23.3% on-year, with earnings per share of RMB0.34 (US$0.05).

In the period, its revenue stood at RMB2.06 billion (US$0.33 billion), up 33.8% from the previous year.

The company, a Hong Kong-traded company engaged in the manufacture, sale, and export of edible corn oil, proposes a final dividend of HKD0.07 (US$0.01).