China poultry, fish feed producer reports 36% net income growth in 2010

China animal feed producer Guangdong Haid GroupĀ reported a net income growth of 36%,Ā to 210 millionĀ Yuan (US$32.2 million),Ā for 2010. HaidĀ sold 2.38 million tons of animal feed in 2010, including 1.32 million tons of poultry feed and 1.06 million tonsĀ of fish feed.

China animal feed producer Guangdong Haid Group reported a net income growth of 36%, to 210 million Yuan (US$32.2 million), for 2010.

Haid sold 2.38 million tons of animal feed in 2010, including 1.32 million tons of poultry feed and 1.06 million tons of fish feed. In addition, said Haid, company revenue from southern China rose 34.74%, accounting for 68.93% of Haid Groupā€™s total revenue in 2010. Revenue from eastern and central China rose 87.7% and 78.81%, respectively.

The companyā€™s future plans include increasing annual feed production capacity by 1 million tons in order to expand its market share.

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