Wanxiang Doneed Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2019
August 27, 2019 at 10:51 pm IST
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WanXiang Doneed Co. Ltd. announced earnings results for the half year ended June 30, 2019. For the half year, the company announced sales was CNY 130.301 million compared to CNY 122.245 million a year ago. Operating income was CNY 39.603 million compared to CNY 27.988 million a year ago. Net income was CNY 35.418 million compared to net loss of CNY 5.036 million a year ago. Basic earnings per share from continuing operations was CNY 0.157 compared to basic loss per share from continuing operations of CNY 0.022 a year ago.
WanxiangDoneed Co., ltd is a China-based company principally engaged in the research, production and distribution of crop seeds. The Company is also engaged in the manufacture and distribution of chemical fertilizers. The Company's main products include corn seeds, oil-sunflower, cotton seeds and other products. The Company distributes its products primarily in domestic markets.