CHINA: Lianhua posts 56% rise in H1 net profit
Chinese supermarket operator Lianhua has posted a 56% rise in first-half net profit, boosted by strong sales growth. Net profit rose to 85.1m yuan (US$10.3m) for the six months to 30 June, compared to 54.6m yuan a year earlier. Revenue rose to 4.56bn yuan from 2.43bn yuan in the year-ago period, helped by the expansion of the company's retail network, reported Dow Jones International News.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- Comment: Meal kits in US - don't believe the hype
- Why personalisation will take-off in US food
- US food next wave on display at Winter Fancy Food
- Interview: The Soulfull Project's mission
- General Mills sales woes continue - analysis
- Post Holdings 'close to acquiring Weetabix'
- Kraft Heinz cuts jobs in US, Canada
- UK, EU food faces "more costly" trade, warns study
- Recipe-kit firm HelloFresh launches into UK retail
- UK sets 20% sugar cut guidelines for food industry