September 14, 2007

Mengniu's H1 revenue surges 32 percent on-year

Hong Kong listed China Mengniu Dairy Company reported sterling H1 financial results on Wednesday (Sep 12), with a 32-percent jump in H1 2007 revenue to RMB10.02 billion.

Net profit attributable to shareholders had soared 41.3 percent on-year to RMB485.1 million. Net earning per share was also higher at RMB0.35 compared with RMB0.25 in the year-ago period.

In revenue terms, Mengniu is now ahead of its competitor, the Yili Group, which reported total H1 revenue of RMB9.3 billion recently. At a distant third is China Bright Dairy Group, which generated RMB3.95 billion in revenue during the first half of 2007.

RMB1=US$0.1331 (Sep 14)