November 1, 2013

Yili's net profit soars in first three quarters of 2013

Yili Industrial Group (Yili) posted an operating income of RMB36.57 billion (US$5.99 billion) in the first three quarters of 2013, topping the performance chart of Chinese dairy companies.

During the same period, Yili's net income totalled RMB2.525 billion (US$413.88 million), soared by 82.7% on-year.

Yili says that though prices of raw milk have been on the rise, which was due to the shortage in supplies in the Chinese market, the company managed to reduce the risk of higher operating cost through the optimization of product structure. Meanwhile, the company invested in infrastructure facilities to secure its milk supplies, which further enhanced its competitiveness in the dairy market.