China dairy giant Yili net profit up 11.6 pct in Jan.-Sept.

2019-10-31 15:19

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Chinese dairy giant Inner Mongolia Yili Industrial Group Co., Ltd. reported an 11.6 percent year-on-year growth in net profit for the first three quarters of 2019.

Net profit reached 5.63 billion yuan (798 million U.S. dollars) in the nine months, Yili said in its quarterly financial report filed to the Shanghai Stock Exchange.

Meanwhile, the dairy giant generated a revenue of 68.5 billion yuan, an annual increase of 12.6 percent.

Boosted by the steady earnings growth, shares of Yili jumped 6.93 percent to 29 yuan at 11:30 a.m. Thursday in Shanghai.
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