Food giant targets double digit growth amid internal restructuring

Bright Food Group Tuesday said it expects its revenue to grow 11% to US$6.91 billion (RMB50 billion) this year, pushing net profits up 17% to US$96.70 million (RMB700 million) as it moves ahead with efforts to retructure the businesses of its subsidiaries, the Shanghai Business Journal reported. The Shanghai-based group is involved through its subsidiaries in a wide range of businesses, including dairy, liquor, logistics, retail and real estate. The group plans to invest US$863.35 million (RMb6.25 billion) in eight projects this year, including a 100,000 ton liquor production ...

	Food giant targets double digit growth amid internal restructuring By STAFF EDITOR Published: January 23, 2008 12:00 PM Bright Food Group Tuesday said it expects its revenue to grow 11% to US$6.91 billion (RMB50 billion) this year, pushing net profits up 17% to US$96.70 million (RMB700 million) as it moves ahead with efforts to retructure the businesses of its subsidiaries, the Shanghai Business Journal reported. The Shanghai-based group is involved through its subsidiaries in a wide range of businesses, including dairy, liquor, logistics, retail and real estate. The group plans to invest US$863.35 million (RMb6.25 billion) in eight projects this year, including a 100,000 ton liquor production ... You are currently reading 87 words of 265 total words in this article. To continue reading this article, you must be a subscriber. Log in now. Buy this article now for $10 USD. Not a subscriber? Start your 7-day free trial now. bookmark \| digg \| Permalink \| Tell a Friend Tags for this article: retail , logistics , real estate , dairy	More Articles in Consumer and Retail > Today’s Daily Briefs E-Mail Sign up for a roundup of the day’s top stories, sent every day. RELATED ARTICLES > Thai retailer eyes Chinese market Rural China retail spending up 20% in 1H Wuhan Department Store Group to buy parent’s assets Dell inks retail deal with Suning Qingdao Haier 1H profit up 46% Guangzhou Panasonic to retain air-con focus Dairy product price hikes will be subtle

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