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Article: DaChan Achieved Strong Growth in Operational Performance in Q3 2009.
- Article from:
- Food Weekly News
- Article date:
- November 12, 2009
CopyrightCOPYRIGHT 2009 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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DaChan Food (HKEx: 3999) announced it has experienced significant growth in operational performance and profitability in the third quarter of 2009. During the period, the Group managed to raise turnover and profit attributable to equity shareholders by 10.6% and 21.4% quarter-on-quarter respectively. Gross profit margin also improved from 6.7% of the previous quarter to 7.2%.
The improved performance was mainly attributable to continued growth in the Group's branded processed food business on stronger brand recognition of DaChan Food and its retail chicken products brand, "Sisters' Kitchen". For the nine months ended 30 September 2009, the processed food business ...
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