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.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
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.
