Yasheng Group Reports Increase in Profit and Income for 2013 Year End

China-based agricultural conglomerate Yasheng Group (OTCQB:HERB) reported an 8% increase in their gross profit for the year ended December 31, 2013, as well as growth in net income, from $126 million to $136 million.

As quoted in the press release:

Gross Profit and Gross Margin. Our gross profit for the year ended December 31, 2013 increased $10.3 million or 8% to $143 million from $133 million for the year ended December 31, 2012. The profit improvement was primarily a result of increased production.

Net Income. Our net income for the period grew to $136 million or $.88 per share from $126 million or $.82 per share for the prior-year period.

Click here to read the Yasheng Group (OTCQB:HERB) press release