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Yamada Green 1Q continues to show growth

Vincent Chia
Yamada Green 1Q continues to show growth

Yamada Green Resources Limited announced its 1Q results. 1Q revenue was up 39.5% year-on-year to RMB 55.9million while PAT was up 645.2% year-on-year to RMB 4.8million. The results were attributed to an increase in sales of processed food products due to higher demand from the Japan market. Average selling prices also increased. Overall gross margin improved from 28.7% to 32.4%. Also, there was sales from the harvesting of moso bamboo trees. No bamboo trees were harvested in the 1Q of the last financial year. Going forward, Yamada Green is likely to grow its bamboo business due to its enlarged plantation size of 100,845 mu.

GET TO THE POINT : Always good to grow another related core-business. Lots of revenue and cost synergies and improves the sustainability of the financial performance.

(Picture from Yamada Green Resources Limited)

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