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At 02317.HK, net profit for 2019 was up 8.9 per cent at $15.563 million

 Last Update: 2020-11-29
 Source: Internet
 Author: User

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Gronhui March 24th, Omdan International (02317. HK) reported 2019 earnings of $357.8 million, up 0.3% YoY; Revenue from MSG and seasoning-related products decreased by 0.8% in
from 2018, while MSG revenue decreased slightly in Japan, the United States and Europe due to reduced shipments due to price competition in China and ASEAN markets.
Although the Vietnamese market raised the prices of some products during the year to boost revenue, overall sales performance was lower than expected during the year, resulting in a decrease in the Group's sales of MSG and seasoning-related products, accounting for 66.0% of the Group's total revenue from 66.0% in 2018 to 65.3%.

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