Chinese agriculture group Sino Agro Food has booked a 78% rise in second quarter sales, boosted by a jump in revenue from its fisheries business.
The company said sales rose to US$97m in the period, up from $54.4m in the comparable period of last year. Sales at its fishery business jumped 123%.
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Net income grew 61% on the year, rising to $23m while gross profit gained 67% to $32.3m in the quarter. Profit gains were also underpinned by the performance of Sino Agro’s fisheries business, where gross profit gained 90% year-on-year.
