Company update: Haid Group 2010 earnings up 36 percent

Guangdong Haid Group, Chinese animal feed producer, reported a rise in net profit of 36 percent to 210 million yuan (1cny = 9.66 euro) in 2010. Sales revenue last year rose 46.66 percent to 7.68 billion yuan, with earnings per share (EPS) of 0.72 yuan. The Guangzhou-based firm announced a stock dividend of 10 shares and a cash dividend of two yuan for every 10 shares held.

The company sold 2.38 million tons of animal feed in 2010, of which sales of fish feed were 1.06 million tons and poultry feed were 1.32 million tons. Revenue from southern China rose 34.74 percent and accounted for 68.93 percent of Haid Group’s total revenue in 2010. Revenue from eastern and central China respectively rose 87.7 percent and 78.81 percent. Read more ...

This blog is written by Martin Little The Global Miller, published and supported by the GFMT Magazine and International Milling Directory from Perendale Publishers