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ALRC Reports Revenue Increase of 61% ...
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April 13/09 -- American Lorain Corporation (OTC Bulletin Board:
ALRC "American Lorain" or the "Company"), an international processed
foods company based in Shandong Province, People's Republic of China ("PRC"),
announced its financial results for the fourth quarter and fiscal year ended
December 31, 2008.
Full year 2008 revenue increased 61.2% year-over-year to
$132.4 million.
"The fourth quarter is our seasonally strongest quarter as chestnut harvesting
and sales peak this time of year," said Mr. Si Chen, Chairman and CEO of
American Lorain. "Growth in the quarter was mainly due to our strong domestic
sales responding to the demand for our products in China and our strategy to
transfer our domestic sales to agents. For the fourth quarter of 2008, our
domestic sales increased 135.6% in spite of the economic slowdown in China."
About American Lorain Corporation;
American Lorain Corporation ("American Lorain" or the "Company") is a Delaware
corporation that develops, manufactures and sells various food products. The
Company's products include chestnut products; convenience foods (including cut
fruit and premixed salads, ready-to-cook meals, and ready-to-eat meals); and
frozen, canned and bulk foods. The Company currently sells over 234 products to
26 provinces and administrative regions in China as well as to 42 foreign
countries. The Company operates through its four direct and indirect
subsidiaries and one leased factory located in China.
Contact:
Web Site:
http://www.americanlorain.com
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