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

Haid Group saw revenue growth in southern, eastern, central China

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 Group’s total revenue in 2010. Revenue from eastern and central China rose 87.7% and 78.81%, respectively.

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