News Column

Mengniu H1 Net Up 39.9%

August 28, 2014

INNERMONGOLIA, August 28, SinoCast -- China Mengniu Dairy achieved operating income of CNY 25.836 billion in the first half of this year, growing 25% over CNY 20.6679 billion in the same period of last year.

Deducing contribution by Yashili, Mengniu's operating income hit CNY 24.2901 billion in the first half of this year, growing 17.5%. Net profit hit CNY 1.05 billion, growing 39.9%.

This January, Mengniu and WhiteWave from the US announced the development of plant-based nutrition products. In April, Mengniu joined hands with Denmark's Arla to develop cheese and the latter also planned to work together with Yashili to launch brand-new infant milk powder series; in June, Mengniu and Danone from France established a joint venture and launch new yogurt.

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Source: Sinocast Consumer Products Beat (China)

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