CHINA: Shanghai Bright Dairy posts near 40% rise in 2002 net profit
Shanghai Bright Dairy & Food Co has posted 2002 net profit of 226.31m yuan (US$27.3m), a rise of 39% year-on-year, mainly due to growth in the company’s core operating revenue.
Shanghai Bright Dairy & Food Co has posted 2002 net profit of 226.31m yuan (US$27.3m), a rise of 39% year-on-year, mainly due to growth in the company’s core operating revenue.
Core operating revenue rose 43% year-on-year to 5.02bn yuan for 2002.
The company’s total assets were valued at 2.94bn yuan at the end of 2002, and return on net assets dropped to 14% from 30% in the previous year, reported Xinhua Financial Network.
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