China's largest meat processor, Henan Shuanghui Investment & Development Co Ltd, said its 2013 net profit rose 33.7 percent, boding well for an initial public offering by its parent WH Group Ltd, which is expected to be the biggest Hong Kong listing since 2010. The company's annual net profit rose to 3.86 billion yuan ($633.68 million) due to lower input costs, which boosted margins, the company said in a statement on Monday.
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Customer buys Shineway pork of Shuanghui Group at a supermarket in Shanghai, May 30, 2013. [Photo/dfic.cn] |
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