Date
18 October 2017

Shunxin Agriculture 2013 net profit up 57%, filing says

Beijing Shunxin Agriculture Co. Ltd. (000860.CN) posted a net profit of 198 million yuan (US$32.5 million) in 2013, up 57 percent from the previous year, on good growth in its mass-market oriented liquor business, according to a regulatory filing late Tuesday. Operating revenue was up 8.76 percent at 9.07 billion yuan, with liquor business contributing 3.7 billion and accounting for 41 percent of the total revenue, it said. Gross margin in the liquor operations rose to 60.35 percent from 17.79 percent a year earlier. The company declared dividend of 1 yuan for every 10 shares held.

– Contact HKEJ at [email protected]

KZ/AC/RC

 

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