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Sino Grandness swings back to profitability in 4Q on higher sales and forex gains

Samantha Chiew
Samantha Chiew • 2 min read
Sino Grandness swings back to profitability in 4Q on higher sales and forex gains
SINGAPORE (Feb 27): Sino Grandness Food Industry Group returned to profitability in 4Q17, posting earnings of RMB 4.86 million ($1.01 million), compared to a loss of RMB 106.0 million in 4Q16.
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SINGAPORE (Feb 27): Sino Grandness Food Industry Group returned to profitability in 4Q17, posting earnings of RMB 4.86 million ($1.01 million), compared to a loss of RMB 106.0 million in 4Q16.

This brings FY17 earnings to RMB 356.0 million, 38.4% lower than FY16 earnings of RMB 577.6 million.

Revenue for the quarter was 66.7% higher at RMB 914.8 million from RMB 548.9 million in the previous year, with higher contributions from all its business segments.

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