American Lorain has booked a 14% increase in second-quarter sales, driven by increased sales of its convenience and frozen food products.
In an announcement today (14 August), the company said sales increased 14.2% to US$35.7m in the quarter, as it grew its convenience and international operations.
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The Chinese food maker revealed that gross profit increased 11% in the three months to 30 June, climbing to $8.5m from $7.7m last year. However, the firm warned inflationary pressures had hit its gross margin, which declined to 20.8% from 21.4% in the comparable period of the previous year.
Net income remained flat at $3.3m.
