April 4, 2014
Bright Dairy's 2013 net profit rises 30.4% on strong demand
Bright Dairy & Food Co., Ltd.'s (Bright Dairy) net profit hit RMB406 million (US$65.31 million) for 2013, a significant rise of 30.4% on-year.
Though raw milk shortages in China caused higher costs, strong demand for dairy products pushed up prices, said the company, which is China's fourth largest dairy producer by market share.
"We faced negative factors such as quickly rising prices both in China and abroad, a shortage of high quality milk supply and intensifying market competition," the company said.