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Asian Citrus net profit jumps 25%
China
viernes 17 octubre 2008
The Hong Kong based firm said net profits rose to 399.3m yuan (US$ 58.44m) for the year ended 30 June 2008 while total group revenues jumped 11.3% to 533.8m yuan (US$ 78.13m) despite persistent cold weather.
Chairman Tony Tong noted, "The group is currently in a strong financial position, with no bank borrowings and sufficient internal funding for all planned developments."
Tong remains confident that consumer demand for oranges in China will increase and following its accreditation as 'Organic Products' this year, the group "expects greater customer demand and enhanced profitability."
The interim dividend has been increased by 17.6% to 0.80 yuan (US$ 0.117) per share.
Chairman Tony Tong noted, "The group is currently in a strong financial position, with no bank borrowings and sufficient internal funding for all planned developments."
Tong remains confident that consumer demand for oranges in China will increase and following its accreditation as 'Organic Products' this year, the group "expects greater customer demand and enhanced profitability."
The interim dividend has been increased by 17.6% to 0.80 yuan (US$ 0.117) per share.
