Chinese snack food firm American Lorain has reported mixed third-quarter results, with the bottom line hit by one-off items but operating profit increasing.
Net income was down 25.7% to US$5.3m, mostly thanks to a gain the company recorded in last year’s third quarter from an asset sale.
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However, income from operations was up 3.1% at $8.5m on the back of higher sales. Net sales increased 4.2% to $58m.
