CHINA: China Organic books healthy 2008 profits
China Organic Agriculture today (16 April) reported a 52% jump in profits for 2008.
The company posted net income of US$20.5m for 2008 - up from $13.5m a year earlier.
China Organic said sales stood at $112.7m in 2008, compared to "zero" from continuing operations in 2007.
Due to the sale of its ErMaPao subsidiary last year, China Organic said "many figures" had been adjusted and listed as discontinued operations.
"Based on these revised numbers, comparisons to year 2007 for many numbers may not be practical," China Organic said.
"We are pleased to deliver these fully-audited results for the 2008 fiscal year," said CEO Jinsong Li. "China Organic showed strong gains in revenue, net income, EPS, and across the board for most significant financial numbers."
- Price an underlying tension across European FMCG
- Interview: UK trade body on Brexit's policy impact
- Analysis: Tyson's shrewd investment in Beyond Meat
- Interview: UK trade body on the impact of Brexit
- Danone's Q3 sales - what the analysts say
- Nestle lowers outlook on "softer environment"
- Bel takes majority stake in MOM Group
- Mars launches Maltesers in the US
- Abbott sees international nutrition sales fall
- Metropoulos invests in Utz Quality Foods
- The Big 15: Strategies and Priorities of Top Packaged Food Players in Comparison
- Omega-3 in Food and Beverage:Time for a Reboot?
- Packaged Food: Quarterly Statement Q3 2016
- Global Food Packaging: Innovating for Greater Convenience and Quality Image
- Constellation Brands, Inc. (STZ) - Financial and Strategic SWOT Analysis Review