Fu Shou Yuan interim profit higher

Monday, August 12, 2019

Burial and funeral services provider Fu Shou Yuan (1448) reported a 13.3 percent increase in net profit at 297 million yuan for the six months ended June 30.

The basic earnings per share were 13.3 fen, up 10.8 percent year-on-year.

Revenue amounted to 911.7 million yuan, higher by   15.5 percent when compared with a year ago.

The company declared an interim dividend of 4.21 HK cents.

Chairman Bai Xiaoguang, said the business was mainly from domestic demand.

Chief financial officer Yuan Zhenyu, said the group would focus on pre-need contracts for funeral services. Such services have been offered in 19 cities of 11 provinces.