Petpal Pet Nutrition Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 19, 2022 at 06:51 am EDT
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Petpal Pet Nutrition Technology Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 343.33 million compared to CNY 320.79 million a year ago. Revenue was CNY 343.33 million compared to CNY 320.79 million a year ago. Net income was CNY 28.55 million compared to CNY 23.38 million a year ago. Basic earnings per share from continuing operations was CNY 0.11 compared to CNY 0.09 a year ago. Diluted earnings per share from continuing operations was CNY 0.11 compared to CNY 0.09 a year ago.
Petpal Pet Nutrition Technology Co Ltd is a China-based company engaged in research, development, production and sales of pet foods. The Company's products include pet chews, such as animal skin chews and plant chews, pet nutritional snacks, pet nutrition and health products, as well as pet biscuits. For domestic market, the Company sells its own brands through online and offline channels. The brands include Chewnergy, Meaty Way, Health Guard, SmartBalance, SmartBones and Tastybone. For international markets, it produces and sells pet food using original design manufacturer (ODM) model. Its products are sold to North America, Europe and Southeast Asia.