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    Home > Food News > Food Flavorings News > Gaga Foods' net profit for 2019 was 164 million yuan, up 42% and investment income increased

    Gaga Foods' net profit for 2019 was 164 million yuan, up 42% and investment income increased

    • Last Update: 2020-11-30
    • Source: Internet
    • Author: User
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    On February 28th, Gaga Foods (002650) announced its 2019 annual results, with total operating income of 2.04 billion yuan in 2019, up 14.05 percent from a year earlier, and net profit attributable to shareholders of listed companies at 164 million yuan, up 42.23 percent from a year earlier.
    announcement, The total assets of Canada Foods were 2,728 million yuan, an increase of 4.08 percent over the beginning of the reporting period, while underlying earnings per share were 0.14 yuan, compared with 0.10 yuan a year earlier.
    2019 is a year of reform and innovation for the company.
    company continues to focus on the main business development, the implementation of the "12345" product strategy and brand strategic planning, seize the strategic opportunity to reduce salt raw pumping development, continue to promote the original brewing, noodles fresh two strategic single product market operation, increased the taste of very fresh, gold standard raw pumping, mushroom old pumping and other soy sauce category market Promotion efforts to speed up the vinegar, oil, wine, chicken essence and other industries with low concentration, growth of large products market development, and promote the composite seasoning, cold sauce, sauce, soup, high fresh chicken essence 5 categories of product research and development and market layout, firmly build the two major edible oil brands of chinese food and Oppen, achieved steady growth in performance.
    2019, the Company achieved operating income of 203,975.28 million yuan, an increase of 14.05 percent over the same period last year (an increase of 25,133.87 million yuan in absolute terms), and in 2019 the Company's operating profit increased by 39.23 percent over a year earlier, with total profit Compared with a year earlier, net income attributable to shareholders of listed companies increased by 42.23% year-on-year, mainly due to increased investment income and reduced financial expenses.
    the main business of Plus Foods involves the production and sale of soy sauce, vegetable oil, vinegar, MSG, chicken essence, soy sauce, etc.
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