Retailing, Franchising, and Consumerism Business Intelligence in China

Bright Dairy Posts Profit Of CNY45.33 Million In H1 2009

Chinese dairy firm Bright Dairy has published its performance report for the first half of 2009 showing a net profit of CNY45.33 million, a decrease of 67.8% year-on-year.

The report stated that during the first six months of 2009, the company made operating revenues of CNY3.852 billion, of which CNY3.748 billion was from its major businesses, showing a slight increase.

According to Bright Dairy's operating goal for the entire year of 2009, it plans to made revenues of CNY8.264 billion from its major businesses and it forecasts a total profit of CNY162 million.

Bright Dairy's operating revenue from dairy products was CNY3.657 in the first half of 2009, a year-on-year decrease of 0.28%; its operating profit rate was 39.44%, a year-on-year increase of 7.29%; revenue from other sectors was CNY90.91 million, a year-on-year decrease of 26.13%; and the operating profit rate was 11.5%, a year-on-year decrease of 17.28%.

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