Strong Q1 performance for Richina Pacific - leatherbiz: Leading news s Leatherbiz

News

Strong Q1 performance for Richina Pacific

21/05/2001

New Zealand-based Richina Pacific – owner of leather processing businesses in both New Zealand and Shanghai - has made a "sound start" to the year, managing director Richard Yan told the annual meeting last week.

He said performance for the first quarter, to March 31, was ahead of last year and put the company on target to improve on last year's annual result. The company, which also owns domestic property, the construction company Mainzeal, and an aquarium in Beijing - made NZ$4.7 million (US$2 million) last year.

Last month, Richina sold its Mair Venison subsidiary to NZ Deer Farms, which then sold the company on to meat processing company PPCS.



Leatherbiz.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.