Zhuhai Zhongfu FY09 Operating Profit Surges To RMB283.93m
Zhuhai Zhongfu, a China-based beverage packaging and PET bottling company, has reported operating profit of RMB283.93m for the year ended 31 December 2009, an increase of 133.27% compared to RMB121.72m in the previous year.
Total revenues for the year were RMB2.78bn, a decline of 8.96% compared to $3.05bn in the prior year. Earnings per share for the year were $0.17 compared to $0.07 in the last year.
The company said that in 2009, sales volume achieved steady growth of 23% as a result of the sustainable growth momentum of China's beverage packaging industry, and the sales volume growth posted a positive impact on the profit growth.
Gary Guernier, chairman of Zhuhai Zhongfu, said: In 2009 the Chinese government continued to promote economic development by expanding domestic consumption amidst the challenging environment.
For carbonated drinks alone, China experienced promising growth in 2009. At the same time, the Board of Directors and senior executives introduced systematic management mechanisms, worked to optimize the Company's corporate culture, strengthened its strategic business relationships with key customers via improved customer relationship management.”
The company expects demand for PET packaging to continue growing based upon the favorable economic forecast for the Mainland. It plans to invest RMB 650m in expanding its production capacity.
It anticipates that this will help enhance its productivity and efficiency to meet the exponential market demand in the beverage and packaging industry, consolidate its competitive strengths and leadership position.
Related Insight
Suppliers Directory
Non-alcoholic Fruit Juice Energy & Sports Drinks Dairy Hot Drinks Soft Drinks Bottled Water
Technology Brewing Catering Equipment Packaging Process Technology
Markets & Regulations Markets Regulatory & Safety
Intelligence
Until recently, the beverages market was divided simply between alcoholic and non-alcoholic beverages. As consumers’ tastes grew more sophisticated and demand surged for a variety of beverage options catering to lifestyle changes and health concerns, the beverages industry has responded with a dizzying array of options to choose from. This report focuses on the U.S. and world markets for beverages across several broad categories. For the purposes of this study, TriMark Publications has divided the global beverages markets into the following product segments include: 1) alcoholic beverages such as wines, beers and spirits; 2) non-alcoholic beverages such as bottled water and milk; 3) brewed beverages such as coffees and teas; 4) carbonated beverages such as sodas and soft drinks; 5) non-carbonated juice products both fresh and pre-packaged; and 6) energy drinks which are generally caffeinated beverages in both carbonated and non-carbonated forms. For each market segment, this study presents the latest information on size, growth rates, sales projections and factors influencing growth in the U.S. and internationally. Reports Buy online from $449
Comments may be moderated for spam, obscenities or defamation.