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Finance raises profits

This article was originally published in Foodnews

CHINA Huiyuan Juice Group Ltd, the subject of a takeover bid from CocaCola Co, has announced its first-half net profit rose 7.2% from last year, due to higher finance income. The company's net profit for the six months ended 30 June was CNY367.3 million (US$53.8 million), up from CNY342.8 million a year earlier. Sales dropped 5.2% to CNY1.29 billion from CNY1.37 billion. The company reported finance income of CNY289.4 million in the first-half, compared with finance costs of CNY17.8 million a year earlier.



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