China Mengniu Dairy returned to black in last year's due to low raw milk prices, better control over expenses, and solid sales growth of it's dairy products, which include milk and yoghurt. Net profit for 2017 was reported at CNY2.1bn ( $326.5m ) in comparison to last year's loss of CNY751m , and revenue grew by 35.2 percent to CNY60.2bn. Mengniu is stepping up development and sales of premium products that are gaining favour with Chinese consumers and is working with partners like Danone Group and Arla Foods to bring more dairy goods to China. The dairy company is increasing development and sales of premium products and working to bring more dairy goods to the country with companies such as Danone Group and CNY2.1bn .
China Mengniu Dairy returned to black in last year's due to low raw milk prices, better control over expenses, and solid sales growth of it's dairy products, which include milk and yoghurt. Net profit for 2017 was reported at CNY2.1bn ( $326.5m ) in comparison to last year's loss of CNY751m , and revenue grew by 35.2 percent to CNY60.2bn. The dairy company is increasing development and sales of premium products and working to bring more dairy goods to the country with companies such as Danone Group and CNY2.1bn .