Date
26 September 2017

Mengniu Dairy sales up 20% in 2013, paper says

China Mengniu Dairy Co. Ltd. said its sales rose 20.4 percent year on year to 43.36 billion yuan (US$7.06 billion) in 2013, driven by government support, changes in product line-up and an acquisition, China Daily reported Wednesday. Its net profit was 1.62 billion yuan, up 25.2 percent from 2012, according to the report. China Mengniu bought privately owned Yashili International for 11.4 billion yuan during the year, bolstering Mengniu’s position in the milk powder business, it said.

– Contact HKEJ [email protected]

SK

EJI Weekly Newsletter

Please click here to unsubscribe