Changshouhua Food Co. saw its earnings climb in the first half of the year, boosted by sales of its branded corn oil products.
The Chinese manufacturer saw earnings increase 35% to CNY139.7m (US$22.8m) in the six months to the end of June. Profit from operations amounted to CNY169.8m from CNY145.1m in the prior-year period.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Changshouhua put the increase down to a 26.6% increase in sales for the firm’s branded corn oil products and an insurance pay-out from a fire accident, which occurred in November last year.
Sales in the period amounted to CNY1.46bn, an increase of 21.5% on a year earlier.
Click here to view the full earnings release.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
