Fortune Ng Fung Food Hebei Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2020
April 27, 2020 at 02:57 pm EDT
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Fortune Ng Fung Food Hebei Co.,Ltd announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 225.675 million compared to CNY 362.720 million a year ago. Operating income was CNY 21.476 million compared to CNY 47.406 million a year ago. Net income was CNY 18.057 million compared to CNY 38.802 million a year ago. Basic earnings per share from continuing operations was CNY 0.02 compared to CNY 0.05 a year ago.
Fortune Ng Fung Food Hebei Co Ltd is a China-based company principally engaged in the livestock breeding and food processing business. The Company operates four segments. The Livestock Breeding and Food Processing segment is mainly engaged in beef cattle breeding, breeding and live cattle sales, slaughtering and beef and mutton sales, as well as food research and development, processing and manufacturing, processing and sales using various food ingredients as raw materials. The Catering Services segment mainly provides chain catering services. The Funeral Services segment is mainly engaged in the development and sales of cemeteries and funeral and cemetery services. The Ecological Agriculture segment is mainly engaged in the cultivation and sales of crops.