MengniuChina Mengniu Dairy Dairy, the country's biggest manufacturer of milk products, has said it is working with partners including Danone and Arla Foods to bring more dairy products to China. It recently announced an increase in its H1 gross profit margin to 39.2%, a rise of 3.6 percentage points on the same time last year, which helped it to make profits of CNY1.56bn ($229m). Revenue was up 17% over the same period to CNY34.47bn. China Mengniu Dairy also said it will work with China Modern Dairy to expand fresh milk and yoghurt markets, and with online retailer Alibaba on overseas sales.
China Mengniu Dairy, the country's biggest manufacturer of milk products, has said it is working with partners including Danone and Arla Foods to bring more dairy products to China. It recently announced an increase in its H1 gross profit margin to 39.2%, a rise of 3.6 percentage points on the same time last year, which helped it to make profits of CNY1.56bn ($229m). Revenue was up 17% over the same period to CNY34.47bn. Mengniu also said it will work with China Modern Dairy to expand fresh milk and yoghurt markets, and with online retailer Alibaba on overseas sales.