By Justina Lee

Want Want China Holdings Ltd.'s fiscal-year net profit rose 14%, helped by the launch of new brands and products.

Net profit for the year ended March was 4.16 billion yuan ($643.3 million), compared with CNY3.65 billion a year earlier, the rice-cake maker said Tuesday.

Revenue rose 9.5% to CNY22.00 billion, supported by higher contributions from its dairy products, beverages and snack-foods segments.

The company recommended a final dividend payment of 1.46 U.S. cents.

The company said it would continue to focus on developing its overseas markets, and noted that its Vietnam production base was expected to commence operations in the current financial year.

Write to Justina Lee at justina.lee@wsj.com

(END) Dow Jones Newswires

06-22-21 0048ET