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Chinese dairy giant Yili sees growing net profit in Jan-Sept

2022-10-31 (Xinhua and chinadaily.com.cn)


During the 2022 G20 Summit events in Indonesia, Yili Group serves as its dairy partner. [Photo provided to chinadaily.com.cn]

Chinese dairy giant Inner Mongolia Yili Industrial Group Co Ltd posted a 1.47 percent year-on-year net profit growth for the first three quarters of 2022.

The firm's net profit exceeded 8.06 billion yuan ($1.12 billion) from January to September, according to its quarterly financial report released on Thursday.

During the period, the dairy giant generated revenue of nearly 93.5 billion yuan, an annual increase of 10.42 percent.