Mengniu Dairy profit up 44pc

China Mengniu Dairy, the mainland’s largest producer of dairy products, said profit climbed 44 per cent last year to 2.35 billion yuan (HK$2.95 billion).

Revenues hit 50 billion yuan, while financing costs soared by about 111 per cent to 340 million yuan.

via South China Morning Post - Business feed http://ift.tt/1HIf8JK