Yasheng Group 3Q net income, net sales increase

by Staff
Share This:
REDWOOD CITY, Calif. – Yasheng Group announced for its third quarter ended Sept. 30, net income increased to $38.1 million, or $.25 per basic share, from $31.7 million or $.20 per basic share for the prior-year period. Net sales increased by $42 million, or 17.9 percent, to $277.8 million, compared to $235.6 million for the three months ended Sept. 30, 2010.

Yasheng Group is a US holding company that conducts primarily agricultural operations in Northwest China. It is one of China's leading producers and marketers with six major product segments including beef and poultry. Yasheng is a supplier of agricultural products to McDonald's and KFC, among other major conglomerates.
Comment on this Article
We welcome your thoughtful comments. Please comply with our Community rules.



The views expressed in the comments section of Meat and Poultry News do not reflect those of Meat and Poultry News or its parent company, Sosland Publishing Co., Kansas City, Mo. Concern regarding a specific comment may be registered with the Editor by clicking the Report Abuse link.