Guolian Triples its Profitability in 2016 based on increases in both export and domestic Markets
SEAFOODNEWS.COM [yuanchang news] Translated by Amy Zhong February 7, 2017
Guolian's profit is expected to increase about 300% over the previous year, to around US $15 million, compared to approximately $4.5 million in 2015. According to Guolian’s performance review, its net profit attributable to shareholders is about 90 million to 105 million yuan in 2016. This is very likely to raise its share prices. And the net profit of the aquaculture industry sector has also increased in China by 3.6 times on average.
Guolian has attributed the increase to the following factors.
First is its improvement of product structure. The company has imported high-quality seafood and also further developed value-added food. It has sold more high-gross-profit...
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