October 22, 2007

Yili's revenue seen to rise 15 percent on-year

China's Yili Group will likely post a 15-percent increase in revenue in 2007, according to Chairman and CEO, Pan Gang.

In 2007, the company has invested more than RMB100 million to enhance its liquid milk, yoghurt and milk powder production facilities as well as into research and development efforts.

Pan added that milk prices are set to rise and this is expected to contribute positively to the group's revenue for this year.

According to the company's strategic plan, it aims to make it to the list of top 20 milk producers in the world by 2010, which requires an annual growth rate of 10 percent in sales in the years ahead.

RMB1=US$0.1332 (Oct 22)