Profits attributable to owners of the company increased 15.9% year-on-year to 2.37 billion yuan, driven by growth in core operating profits and a turnaround in associates’ performance from a loss to a profit.
Gross profit margin rose from 0.3% to 39.9 %.
The revenue represents a year-on-year decrease of 6.9%.
This fast-growing ice-cream brand has carved out a dominant position in Southeast Asia’s frozen dessert market.
This deal is expected to accelerate the growth of the sheep dairy industry in New Zealand while providing Mengniu with premium milk resources.