April 22, 2014
Xinjiang Tecon sees 72% surge in 2013's net profit
Xinjiang Tecon Animal Husbandry Bio-Technology Co., Ltd.'s (Tecon) net profit for 2013 soared 72% to RMB163 million (US$26.11 million).
The company realised operating income of RMB3.73 billion (US$597.44 million) in 2013, up by 12%.
With the successful transition from low prices to value-added products and service, Tecon's feed business in the northwest of China continued to grow. The company sold 491,900 tonnes of feed in the region in 2013, representing an increase of 15%.
Tecon's vaccine sales increased threefold and reached RMB73.32 million (US$11.74 million) in 2013.
Tecon is mainly in the manufacture and distribution of feed and feed additives. The company also produces veterinary drugs and other agricultural products.