Yuhe International reports successful second quarter
Highlights show increases in net revenue, sales volume, gross profit
Yuhe International Inc. reported positive financial results for its second quarter ending June 30, 2010.
New revenue for the company increased 26.9% to $12.5 million compared to $9.8 million for the same period last year, driven mostly by a 34.4% gain in sales volume (34.6 million birds). Gross profit also saw positive numbers, increasing 47.1% to $4.1 million compared to last year's $2.8 million.
According to reports, Yuhe expects to see sales volume and net income to continue to rise in the second half of the year, for a total of 150 million broilers and $17 million in net income.