February 26, 2014
Tech-Bank saw 37% increase in net profit for 2013
Ningbo Tech-Bank Co., Ltd. (Tech-Bank) released its 2013 annual results on February 24, 2014. The company's operating income rose slightly by 1.7% on-year to RMB2.08 billion (US$339.45 million), while net profit surged 37% to RMB62.0 million (US$10.12 million).
The company attributed its marketing strategies and increase in shares of its feed business to the profit growth.
Tech-Bank is mainly engaged in the development, manufacture and sale of feed. The company also offers animal health care products.