Profits at Chinese convenience food and frozen food manufacturer American Lorain Corp. have jumped in the first half of this year, on the back of increased sales.
For the six months to the end of June, net profit was up 23.5% to reach US$6m, the company said yesterday (15 August). American Lorain’s operating profit also jumped for the first half of this year, increasing 12.4% to $8.9m.
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Revenues surged to $66.2m, up 23.1%. Sales increased across the company’s three sectors of chesnuts, convenience food and frozen food.
American Lorain chairman and CEO Si Chen said the company was “satisfied” with its performance in the second quarter despite difficulties, one being general inflation.
“We are optimistic about the second half of 2011 based on what we are seeing thus far. The efforts of our management group in all three business segments are producing greater efficiencies in both the operating infrastructure and costs control which will help us as we continue to grow,” Chen said.
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