Toly Bread Co.,Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020
October 22, 2020 at 03:47 am EDT
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Toly Bread Co.,Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 4,371.972 million compared to CNY 4,121.747 million a year ago. Operating income was CNY 871.036 million compared to CNY 637.307 million a year ago. Net income was CNY 686.028 million compared to CNY 503.070 million a year ago. Basic earnings per share from continuing operations was CNY 1.0412 compared to CNY 0.7635 a year ago.
Toly Bread Co Ltd, formerly Shenyang Toly Bread Co., Ltd., is a China-based company principally engaged in the production and sale of bakery products. The Company's major products include breads and cakes. The Company's breads consist of more than 30 products in three series, which includes soft breads, puff breads and conditioning breads. The Company's breads are sold under Toly brand. The Company's cakes are mainly developed for traditional holidays, such as moon cakes and rice dumplings.