Maling Aquarius Q3 Earnings Up 386%

Date:2011-10-19     Source:houhaizhenhouhaizhen  Text Size:

October 18 -- Shanghai Maling Aquarius (600073.SH) posted a 385.72 percent year-on-year increase in third quarter net profit to 12.8 million yuan, with earnings per share of 0.036 yuan, reports China Business News, citing a company filing.

Sales revenue rose 5.47 percent year-on-year to 559 million yuan.

During the reporting period, the company had won a lawsuit and obtained compensation of 28.67 million yuan which was included as non-current profit.

The company won approval in September to obtain an injection of assets from several of its major shareholders.

Maling Aquarius plans to record revenue of more than three billion yuan from its pork business in 2013.

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