Retail in Asia

In Sectors

Master Kong reports record-breaking sales of USD7.867b for last year

Master Kong, a renowned instant noodles maker, Wednesday reported 2011 sales of USD7.867 billion, a new high and a 17.74 percent increase from 2010. Fluctuations in raw material prices and an erratic climatic pattern have lowered Master Kong’s gross profit margin by 1.89 percent to 26.54 percent and earnings by 12.01 percent to USD420 million, translating into earnings per share of USD7.51, down 1.02 US cents from 2010.