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.
Showing posts with label Yuhe International. Show all posts
Showing posts with label Yuhe International. Show all posts
Wednesday, August 18, 2010
Tuesday, May 18, 2010
Yuhe International reports mixed results
Yuhe International Inc., a Chinese supplier of day-old chickens raised for meat production, or broilers, announced that net revenue rose while gross profit declined during the first quarter this year.
Net revenue increased 7.7% to $11.8 million compared to $10.9 million for the same period last year. Results were driven mainly by a 10.8% rise in sales of day-old broilers, offset by a 2.7% decrease in the selling price of this product. Gross profit, meanwhile, went down 4% to $3.9 million from $4.1 million due to price increases for corn. Operating income dipped 7.9% to $3 million compared to $3.2 million, and net income increased 0.4% to $2.93 million compared to $2.91 million a year ago.
Net revenue increased 7.7% to $11.8 million compared to $10.9 million for the same period last year. Results were driven mainly by a 10.8% rise in sales of day-old broilers, offset by a 2.7% decrease in the selling price of this product. Gross profit, meanwhile, went down 4% to $3.9 million from $4.1 million due to price increases for corn. Operating income dipped 7.9% to $3 million compared to $3.2 million, and net income increased 0.4% to $2.93 million compared to $2.91 million a year ago.
Subscribe to:
Posts (Atom)
