View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
April 4, 2012

CHINA: American Lorain grows sales, earnings

American Lorain has booked an increase in sales and earnings for 2011 as it invested in building its brand and increasing consumer acceptance of products.

American Lorain has booked an increase in sales and earnings for 2011 as it invested in building its brand and increasing consumer acceptance of products. 

The Junan-based snack and convenience food group booked a 15.8% increase in group revenue in 2011, with sales rising to US$213.2m. Gains were driven by a 16.3% increase in domestic sales, as the company benefited from its drive to “expand” its brand name, chairman and CEO Si Chen commented. 

Gross profit for the year rose 7.5% to $45m and net income climbed 11.5% to $19.9m, the company revealed. 

“We are very pleased with our growth during the year,” Si said. “We have continued to benefit from our existing long-term supplier and customer relationships, and continued to make diligent efforts for consumer acceptance of products. Despite the uncertain global economic environment and a very stringent credit environment in 2011, we have remained growing and profitable.” 

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every other month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Food