Chinese pork producer Muyuan Foodstuff’s Q3 net profit surged 930% on year
Chinese pork producer Muyuan Foodstuff’s Q3 net profit surged 930% on year

Chinese pork producer Muyuan Foodstuff’s Q3 net profit surged 930% on year

Muyuan Foods said that its third-quarter revenue reached 39.909 billion yuan in the third quarter of the year, a year-over-year increase of 28.33% from a year earlier.

Net profit reached 9.652 billion in the quarter, skyrocketing 930.20% from a year earlier.

For the first three quarters, revenue reached 96.775 billion yuan, growing by 16.64% from a year earlier, and net profit reached 10.481 billion yuan, marking a 668.90% year-over-year increase.

The company plans to distribute a cash dividend of 8 . . .

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