China Essence Group, one of the leading integrated producers of potato products in China, says net profit surged in the fourth quarter (4Q FY2010) 2010 surged 186% to RMB30.1 million ($6.25 million) from RMB10.5 million in the previous corresponding period (4Q FY2009).
In 4Q FY2010, China Essence registered revenue of RMB204.3 million, a 15% increase from RMB177.1 million in 4Q FY2009, bouncing back from a challenging first half of calendar year 2009 (1H FY2010) where the global economic crisis took its toll.
