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First Half Year Net Profit of China Agri-Industries Holdings Increased by 28.3% Release Time : 2012-03-20

As published by China Agri-Industries Holdings (HK0606) on August 25, the company’s operating revenue was HKD 22.6865 billion for the first half of the year, a 15.6% increase. The operating profit was HKD 2.3036 billion, a 91.4%. And the net profit was HKD 1.3234 billion, a 28.3% increase.

The oilseed processing business has kept being the largest contributor to the total revenue of China Agri-Industries Holdings, accounting for 56.4%. The revenue was HKD 12.801 billion, increasing by 8.2% compared with the same period of last year.

During the first half of the year, China Agri-Industries Holdings (HK0606) has successfully eliminated negative effects resulting from the cost increase in raw materials by using hedging strategies and marketing management methods, especially in oilseed processing, bio-fuel and bio-chemicals and barley. Compared with the same period of last year, profits payable to equity holders increased to HKD 1.3243 billion from HKD 0.2924 billion, and the EPS to HKD 34.3 from HKD 28.0.

China Agri-Industries Holdings (HK0606) has several other projects to finish this end of the year or next year. They will generate better scale economy. The company is also carrying out more aggressive brand strategies to increase its market share.

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