trending Market Intelligence /marketintelligence/en/news-insights/trending/tphDECbSJP93rvohTLx6AQ2 content esgSubNav
In This List

Sino Grandness Food Industry Q2 profit climbs 14.5% YOY

Blog

Gold - Geopolitical tensions and inflation remain key drivers

Blog

Lithium and Cobalt - Softer demand weighs on prices

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten

Podcast

Next in Tech | Episode 65: The operations side of AI/ML


Sino Grandness Food Industry Q2 profit climbs 14.5% YOY

4912338 said its normalized net income for the second quarter was 20 fen per share, an increase of 13.5% from 18 fen per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 137.7 million yuan, a gain of 14.5% from 120.3 million yuan in the year-earlier period.

The normalized profit margin dropped to 12.2% from 13.0% in the year-earlier period.

Total revenue rose 22.1% year over year to 1.13 billion yuan from 924.8 million yuan, and total operating expenses climbed 31.5% year over year to 875.3 million yuan from 665.5 million yuan.

eported net income rose 25.2% on an annual b Sino Grandness Food Industry Group Ltd..