China Mengniu has returned to black in 2017 due to low raw milk prices , better control over expenses , and solid sales performance of it 's dairy products , which include milk and yoghurt . Net profit for the year was reported at CNY2.1bn ( $ 326.5 m ) in comparison to last year 's loss of CNY751 m , and revenue grew by 50 % to CNY60.2bn . Revenue rose 11.9 percent to 60.16 billion yuan. The dairy company is increasing development and production of premium products and working to bring more luxury goods to the country with companies such as Danone Group and Premier Foods .
China Mengniu has returned to black in 2017 due to low raw milk prices , better control over expenses , and solid sales performance of it 's dairy products , which include milk and yoghurt . Net profit for the year was reported at CNY2.1bn ( $ 326.5 m ) in comparison to last year 's loss of CNY751 m , and revenue grew by 50 % to CNY60.2bn . The dairy company is increasing development and production of premium products and working to bring more luxury goods to the country with companies such as Danone Group and Premier Foods .