Cofco Sugar Holding CO.,LTD. Reports Earnings Results for the Full Year Ended December 31, 2021
April 18, 2022 at 03:50 pm IST
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Cofco Sugar Holding CO.,LTD. reported earnings results for the full year ended December 31, 2021. For the full year, the company reported sales was CNY 25,043.2 million compared to CNY 20,949.27 million a year ago. Revenue was CNY 25,160.47 million compared to CNY 21,129.16 million a year ago. Net income was CNY 519.52 million compared to CNY 529.15 million a year ago. Basic earnings per share from continuing operations was CNY 0.2429 compared to CNY 0.2474 a year ago. Diluted earnings per share from continuing operations was CNY 0.2429 compared to CNY 0.2474 a year ago.
COFCO Sugar Holding Co Ltd, formerly Cofco Tunhe Sugar Co Ltd, is a China-based company principally engaged in sugar business. The Company operates through four segments: Domestic Sugar Production, Sugar Trading, Sugar Refining and Foreign Sugar Production. Domestic Sugar Production segment consists of sugar extracted from canes and beets. Sugar Trading segment includes the sourcing of raw sugar from other corporate and the import of organic sugar. Sugar Refining segment is only involved in the processing of raw sugar but not the sale. Foreign Sugar Production segment produces raw sugar through Tully Sugar Limited. The Company is also engaged in the cultivation of tomato for processing and the production and sales of processing tomato products.