China Mengniu Dairy, the country’s largest dairy group, has booked a jump in full-year profits on the back of strong sales gains.
The company today (27 March) posted a 28.4% rise in net profit for 2011 to CNY1.59bn (US$251.82m).
Go deeper with GlobalData
Revenue rose 23.5% during the year, climbing to CNY37.39bn. The company said sales were driven by the launch of high-end products as it moved to “optimise” its product portfolio.
The Chinese dairy firm also drove revenues by expanding into Hong Kong and Macau. These launches were “important first steps” as it looks to capitalise on international expansion opportunities, the company said. During the year, the group established an overseas sales centre to “tap into the international market”.
Mengniu added it was able to improve margins, as it benefited from synergies following its merger with Junlebao.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
