Hainan State Farms Investment Holdings Group turns around in Q3

Hainan State Farms Investment Holdings Group Co., Ltd. held a meeting to analyze the business performance in the third quarter this year.

The group’s aggregate turnover totaled 16.29 billion yuan in the first nine months, up 45.46% year on year; the net profit was 274 million yuan, showing a turnaround from the same period last year, adding about 538 million yuan.

The net profits earned by secondary enterprises of the group totaled 116 million yuan, surging 148% year on year; and the farming enterprises’ net profits reached 158 million yuan, soaring 267.87%.

The group also analyzed at the meeting about the key programs of Hainan province in the third quarter.