Shanghai Maling Aquarius (600073), a maker of canned food and fresh meat products, posted an 84.87 percent year-on-year rise in 2011 net profit to 150 million yuan on a 14.9 percent increase in revenue to 5.73 billion yuan, reports China Securities Journal, citing a company filing. Earnings per share hit 0.42 yuan, up 82.61 percent.
The company announced plans to distribute cash dividends of 0.5 yuan (including tax) and convert five shares for every 10 shares held, based on total equity of 499 million shares.
Gross profit margin was up from 8.25 percent to 13.66 percent.
Maling Aquarius completed the acquisition of Guanshenyuan Group, Shanghai Aiseng Meat, Zhengguanghe Internet, and Shanghai Food Import and Export in 2011, contributing to the good earnings numbers.