Pinlive Foods Co., Ltd. Announces Earnings Results for the Six Months Ended June 30, 2020
August 31, 2020 at 01:24 pm EDT
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Pinlive Foods Co., Ltd. announced earnings results for the six months ended June 30, 2020. For the period, the company announced sales was CNY 682.191 million compared to CNY 624.422 million a year ago. Operating income was CNY 83.327 million compared to CNY 52.540 million a year ago. Net income was CNY 67.281 million compared to CNY 41.369 million a year ago. Basic earnings per share from continuing operations was CNY 0.9 compared to CNY 0.55 a year ago.
Pinlive Foods Co Ltd is a China-based company mainly engaged in the development, import and sales of its own brand food and the cooperative agency sales of foreign food. The Company's products mainly include dairy products, beer, grains and oils, grains and biscuits and snacks. The Company operates self-developed brands such as Weidendorf dairy products, Wurenbacher beer, HANNRAE grains, etc., and MUELOLIVA olive oil and other cooperative brands. The Company mainly conducts its businesses in the China market.