Dairy companies see rising revenues
Yili Industrial Group reported half-year revenues of 24.02 billion yuan ($3.9 billion), up 13.41 percent year-on-year.
Another dairy industry giant, China Mengniu Dairy Co Ltd's total revenue in the first half reached 20.67 billion yuan, registering year-on-year growth of 13.3 percent.
Yili's net profit during the period reached 1.75 billion yuan, up 125.06 percent year-on-year while Mengniu generated 750 million yuan in net profit, increasing 16.3 percent compared to a year earlier.
The third company in the industry Bright Dairy & Food Co Ltd grossed 7.44 billion yuan in revenue.
However, the statistics also showed that the gap between Yili and Mengniu is widening both in revenue and net profit.
Yili Industrial Group said that its high-end products contributed to its rosy performance, and will continue to be an important potential growth engine in the future.
Yili's net profit during the period reached 1.75 billion yuan, up 125.06 percent year-on-year while Mengniu generated 750 million yuan in net profit, increasing 16.3 percent compared to a year earlier.
The third company in the industry Bright Dairy & Food Co Ltd grossed 7.44 billion yuan in revenue.
However, the statistics also showed that the gap between Yili and Mengniu is widening both in revenue and net profit.
Yili Industrial Group said that its high-end products contributed to its rosy performance, and will continue to be an important potential growth engine in the future.
