Light Industry: Yurun profit surges
Updated: 2006-09-07 13:59
Yurun Food, the mainland's largest meat processor,
yesterday posted a 48.5 per cent year-on-year increase in its net profit from
January to June, to reach 254 million yuan. Its gross profit margin rose 3.1
percentage points to 17 per cent thanks to a reduction in the prices of its raw
materials. The Jiangsu-based company, which slaughters pigs and processes meat,
also said yesterday it would invest 170 million yuan to set up a plant in
Northeast China's Harbin to boost its capacity. (China Daily HK edition)
Lipman Electronic Engineering Ltd, the world's leading electronic payment
system provider, has received an order for 20,000 point-of-sale (POS) units from
China UnionPay, a leading financial network operator in China. The order, which
will facilitate UnionPay's migration to EMV-compliant payment systems, is for
Lipman's NURIT 8320 POS terminal and the NURIT 222 PIN Pad, and is expected to
be supplied throughout 2006. Lipman, headquartered in Israel, is currently the
only international vendor chosen by UnionPay during its rollout of electronic
payment systems. (China Daily)
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