2006 profits fall at Richina Pacific - leatherbiz: Leading news site f Leatherbiz

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2006 profits fall at Richina Pacific

13/03/2007
 
Richina Pacific Limited, listed on the New Zealand stock exchange, has reported audited net profits of $6.8 million for the year ended December 31, compared with $10.3 million for 2005. Trading revenues slipped to $475.8 million from $504.5 million for 2005.

Net profits for the second half of 2006 were $3.2 million, in line with expectations.

These results represent a significant turnaround in the company’s operations, particularly at Shanghai Richina Leather Ltd. and at Mainzeal Property & Construction Ltd.





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