Bestore Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 27, 2020 at 03:49 pm EDT
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Bestore Co.,Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 1,908.931 million compared to CNY 1,832.679 million a year ago. Operating income was CNY 126.440 million compared to CNY 145.638 million a year ago. Net income was CNY 87.979 million compared to CNY 109.198 million a year ago. Basic earnings per share from continuing operations was CNY 0.24 compared to CNY 0.3 a year ago.
Bestore Co., Ltd. is a China-based company mainly engaged in the research and development, procurement, sales and operation of snack foods, and sells its own brand snack foods through online and offline channels. The Company has formed a variety of categories and product portfolios covering meat snacks, roasted nuts, confectionery, dried fruit and preserved fruits, and vegetarian cherries. The Company operates its businesses primarily in the domestic market.