China Essence Group, one of the largest, leading integrated producers of potato products in the country, says net profit for the first quarter of the financial year ended June 30 2011 (1Q FY2011) increased 145% to RMB17.7 million ($3.5 million), compared to RMB7.2 million in 1Q FY2010.
Revenue increased 60% to RMB145.6 million for 1Q FY2011 from RMB90.9 million in 1Q FY2010 driven by higher sales volume achieved for all its products in the midst of a strong rebound in overall market demand.
