China’s leading dairy producer Yili Industry Group Co has announced a 30% year-on-year profit increase in 2005, with profits climbing to CNY492m (US$61.5m).

The operating turnover of the Shanghai-listed company rose 39.77% to CNY12.175bn, Xinhua’s China Economic Information Service reported today (13 February).

Newly acquired markets led to a 20% increase in sales the company said.

Chairman Pan Gang said Yili hopes to be one of the top ten dairy producers in the world by 2010.