Fufeng Group year net up 26.5% to Rmb1.38bn; div HK11 cts
Fufeng Group (00546) said its profit attributable
to the shareholders for the year ended 31 December 2017 rose 26.5% year-on-year to
Rmb1,382 million.
Basic and diluted earnings per share were Rmb57.04 cents and Rmb55.46 cents.
Revenue amounted to Rmb13,033.5 million, an increase of 10.4% from a year earlier. The
increase in revenue was primarily due to the increase in annual production capacity by
means of newly enhanced production technology, and the increase in the ASP and sales
volume of threonine, high-end amino acid products, starch sweeteners and xanthan gum.
Gross profit margin of the Group increased to about 22.9% (2016: 20.4%).
The proposed final dividend is HK11 cents (2016: HK7.8 cents) per share, payable on or
about 15 June.
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