The listed food company Xiwang Food recently said in its financial report that the company earned 5.85 billion yuan last year, up by 4% from a year ago. The net profit hit 470 million yuan, up by 36.5% from a year ago.
The revenue contributed by sports nutrition and diet food account for 50.7% of the total number with 2.96 million yuan.
The company said that after merging Kerr, the company has benefitted from a steady growth in the North American market. On the other hand, it also helps to promote Kerr grow in China. (Source: shuzheng kangxun)
For more on the Kerr acquisition, click HERE