China Mengniu Dairy sees 20 pct sales increase in 2013
China Mengniu Dairy Co Ltd announced on Wednesday that its sales increased by 20.4 percent year-on-year to RMB 43.36 billion in 2013, driven by favorable industry policies, product restructuring and an acquisition deal. Its net profit reached RMB 1.62 billion ($161 million), registering year-on-year growth of 25.2 percent, according to the report.
Last year, China Mengniu Dairy Co Ltd purchased privately owned Yashili International for RMB 11.4 billion, acquiring one of the country's leading manufacturers of baby milk formula and baby food in the largest merger in the domestic dairy industry. The deal strengthened Mengniu's performance in the milk powder business, in which its market share in total revenue rose from 1.2 percent in 2012 to 5 percent in 2013. Despite significant growth in the milk powder and liquid milk sectors, its ice cream business witnessed a slight fall.
Michael Boddington from Asian Agribusiness Consulting (AAC) has been involved in agribusiness in Asia since 2000. AAC has office both in Vietnam Ho Chi Minh City and China Beijing. So AAC has a thorough understanding of the Viet Nam and China aqua industry and produces up-to-date research reports on the market. We can offer insights on supply and demand trends and comments on the future structure of Asian agribusiness. If you would like to know more please email This email address is being protected from spambots. You need JavaScript enabled to view it.This email address is being protected from spambots. You need JavaScript enabled to view it.
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