Hsu Fu Chi International, the manufacturer and retailer of candies, pastries, chocolates, jellies, puddings and sachima, says net profit attributable to shareholders of the group for 2Q10 increased 50.5% to RMB 236 million ($49.2 million) compared to the previous corresponding period. For 1HFY10, the group’s net profit increased by 61.2% to RMB 329 million, compared to the previous corresponding period in which there was a foreign exchange loss of RMB 31 million.

The group’s revenue for 2Q10 decreased by RMB 32 million or 2.4% to RMB 1,312 million compared to 2Q09 due mainly to the Chinese New Year peak season starting later in 2010 and the impact of the global financial crisis.

The group’s revenue for the first half year in FY 2010 (1H10) increased by RMB 12 million to RMB 2,029 million, representing a marginal increase of 0.6% compared to the same corresponding period.