September 4, 2007

China's Yili reports 17.6 percent rise in H1 revenue

China's Yili Group reported better financial performance in the first half of 2007. Revenue from its core business rose 17.6 percent on-year to RMB9.3 billion while profit before taxation increased 18.4 percent on-year to RMB857 million. Net profit for the period was RMB244 million.

By product segment, revenue from milk powder sales was 32.7 percent higher on-year to RMB1.3 billion. Income from beverage sales was up 24.8 percent to RMB1.7 billion. Meanwhile, sales income from its Jindian series of liquid milk products recorded a 17-fold increase while sales of yoghourt were also on a steady uptrend.

RMB1=US$0.1325 (Sep 4)