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Shuanghui Profits up 10 Per Cent

31 October 2014

CHINA - Henan Shuanghui Investment & Development Co., Ltd (Shuanghui) achieved double-digit increases in pig slaughterings for the first nine months of the current financial year compared with the same period of 2013.

For the nine months ended 30 September 2014, Shuanghui Development processed 11.2 million pigs, an increase of 16.4 per cent on the same period in 2013.

Packaged meat sales volume increased by 0.9 per cent to 1.3 million metric tons compared to the 2013 figures.

Turnover increased by 2.0 per cent from the comparable period of 2013 to RMB33,154 million.

Net profit increased by 10.5 per cent from the comparable period of 2013 to RMB3,303 million.

At the time of the report, WH Group Limited owned approximately 73.26 per cent equity interest in Shuanghui Development.

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