Want Want China Holdings, the country’s top food and beverage maker and distributor by market value, posted a 32 per cent rise last year net profit on Tuesday, largely as a result of soft raw material prices.
Want Want, known in China for its rice crackers and snacks, posted a record net profit of US$553.8 million for the year ended December, up from US$419.5 million a year earlier and in line with market expectations of US$556 million according Thomson Reuters Starmine SmartEstimate.
Turnover grew 14 per cent to US$3.36 billion (HK$26.58 billion). Reported by S.China Morning Post 6 hours ago.
Want Want, known in China for its rice crackers and snacks, posted a record net profit of US$553.8 million for the year ended December, up from US$419.5 million a year earlier and in line with market expectations of US$556 million according Thomson Reuters Starmine SmartEstimate.
Turnover grew 14 per cent to US$3.36 billion (HK$26.58 billion). Reported by S.China Morning Post 6 hours ago.