Zixin Group Holdings (SGX:42W) swung to profit in the fiscal second half ended March 31 after revenue almost doubled from a year earlier due to higher sales of sweet potato products, according to a Thursday filing with the Singapore Exchange.
The potato farming company's profit attributable to owners was 16.8 million yuan, reversing a loss of 14.2 million yuan in the prior year.
Revenue for the six months ended March 31 climbed 92% year over year to 201.3 million yuan from 104.8 million yuan, the filing said.
The company's shares jumped almost 6% in recent Friday trade.
Price (SGD): S$0.02, Change: S$, Percent Change: +5.56%
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