August 12, 2005

Bright Dairy's half-year profits up 2.9 percent from last year

Bright Dairy & Food's half-year net profit have risen by 2.9 percent this year to RMB151.3 million, up from RMB147.1 million in 2004's Q1Q2, the China-based company announced Aug 12.

In April, the Chinese government also approved Danone Asia to increase its stake in Bright Dairy by about 6 percentage points, from 3.85 percent to 9.7 percent.

Danone is now the third-largest shareholder in Bright Dairy, after Shanghai Dairy and S.I. Food Products. Both hold 37.8-percent stakes.