Yuhe International Inc. reported positive financial results for its second quarter ending June 30, 2010.
New revenue for the company increased 26.9% to $12.5 million compared to $9.8 million for the same period last year, driven mostly by a 34.4% gain in sales volume (34.6 million birds). Gross profit also saw positive numbers, increasing 47.1% to $4.1 million compared to last year's $2.8 million.
According to reports, Yuhe expects to see sales volume and net income to continue to rise in the second half of the year, for a total of 150 million broilers and $17 million in net income.
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