Bovine Shoe division boosts Richina profits
The three business operations of the company – Shanghai Richina Leather, the construction firm Mainzeal, and the Beijing-based Blue Zoo aquarium – all performed well.
However, the Bovine Shoe division was the shining light of Richina, generating profits of $2.2 million. This figure represents an increase in profits of 89% on the same period in 2003, and the results for the first six months of the year have already outstripped 2003’s full year profits.