China’s largest pork producer People’s Food has reported a 33.8% rise in 2002 net profit, attributable to strong demand for the company’s pork products.


The Singapore and Hong Kong listed company posted a net profit of 822.8m yuan (US$99.4m) for 2002, compared with 614.8m yuan for 2001. The company’s revenue for 2002 was up 19.4% to 5.1bn yuan.


In October, People’s Food raised its 2002 net profit forecast to at least 811m yuan.