19 Sept – Mengnui Dairy, one of dozens of companies connected to the contaminated milk scandal engulfing China, has posted a 20% increase in its 1H 2008 profit.
The company issue its results to 30 June today.
(in million yuan unless stated)
Shr (yuan) 0.41 vs 0.35
Interim Div (yuan) nil vs nil
Net 582.91 vs 485.14
Revenue 13,702.41 vs 10,021.18
The calculation of share earnings is based on the weighted average of 1,426.17 million shares in issue during the period vs 1,391.59 million shares the same period a year ago
Mengnui jointly owns and runs a milk powder plant in Hohot, Inner Mongolia with Swedish/Danish company Arla. The partners issued a full product recall earlier this week after three samples of its milk powder tested positive for melamine.