Reported 8 months ago
Benefiting from increased production capacity and performance in the ice-related business of the new plant in Thailand, Nan Chiao (1702) reported a May net profit after tax of 88.81 million yuan, a 35.16% year-on-year increase, with an EPS of 0.36 yuan. The cumulative net profit after tax for the first five months was 538 million yuan, a 109.66% year-on-year increase, with an EPS of 2.17 yuan. Nan Chiao's first-quarter profit grew by 1.7 times, driven by the production capacity of the new plant in Thailand, revenue from the ice-related business, and increased profits from mainland oilseeds. The second-phase new plant at Nan Chiao's Thai factory is expected to be completed and put into operation in the second half of the year, mainly producing baby rice crackers, baked goods, etc. The expansion is expected to become a driving force for next year's performance growth.
Source: YAHOO