Manufacturing News

China's leading toothpaste maker posts 35-pct decline in profit

Liuzhou Liangmianzhen, one of China's leading makers of oral hygiene products, posted on Sunday a decline of 35 percent in net profit in 2010 on soaring costs and fierce competition.

Net profit totaled 10.83 million yuan (1.66 million U.S. dollars), and earnings per share stood at 0.0241 yuan, a decrease of 35 percent from 2009, the company said in a statement filed with the Shanghai Stock Exchange.

The profit-making ability of the company saw sharp decline in 2010 as the profit reduction was registered along side a 31 percent increase in business revenues which reached 936.4 million yuan, according to the statement.

The company attributed the performance mainly to surging cost of raw materials and fierce competition from transnational companies which have more powerful brands.

The company would continue its strategy of focusing on market in rural areas and small cities and keeping away from big cities where some international brands have already established their market share.

Most Viewed in 24 Hours

Special

Start a Digital Twin Journey from Engineering Simulation

Accenture releases survey of digital transformation

CIMC Reduces Unplanned Downtime by 30% with Greater Operational Insight from ThingWorx

Ansys Simulation Speeding up Autonomous Vehicles

回到顶部
  • Tel : 0086-27-87592219
  • Email : service@e-works.net.cn
  • Add: 3B1 International Business Center, No. 18 Jinronggang Road (No.4), East Lake High-tech Development Zone, Wuhan, Hubei, PRC. 430223
  • ICP Business License: 鄂B2-20030029-9
  • Copyright © e-works All Rights Reserved