Angel posted the net profit of 847 million in 2017, a new high
With the development of business in baking, food ingredients, condiments, health care products, Angel Company business achieved a new high, with the net profit of 847 million, in the 2017.
On March 15th, Angel Yeast Company posted on its annual report that Angel Company has achieved a revenue of 5.78 billion yuan in 2017 with year-on-year growth of 18.83%, among which the net profit belong to public shareholders is 847 million, an increase of 58.33% year on year.
The financial report shows that this business performance is driven by remarkable efficiency of market development, continuously expansion to products application and the increase of sales volume. The company has sound business growth in the business of baking, food ingredients, condiments, health products, animal health and white sugar. The productive efficiency increases steadily and the competitive capacity appears gradually, among which the business of health products grows with a high speed and the management ability increases significantly.