Mengniu Dairy records 36b yuan in sales in 2012
Updated: 2013-03-27 16:09
By Li Woke (chinadaily.com.cn)
|
|||||||||||
China Mengniu Dairy Co Ltd said Wednesday its sales last year reached 36 billion yuan ($5.8 billion), a year-on-year decline of 3.5 percent.
Its net profit was 1.26 billion yuan, down 20.9 percent year-on-year.
The Hong Kong-listed company attributed the losses to shrinking sales in 2012, and vowed to boost cooperation with Denmark's Arla Food to tighten food safety standards in the coming year.
Mengniu's sales have been greatly affected by a 2008 milk safety scandal, after toxic chemicals were found in its dairy products.
In 2009, China's largest food processing company, China National Cereals, Oils and Foodstuffs Corporation, became Mengniu's biggest shareholder.
Related Stories
Mengniu denies acquisition rumors 2013-01-17 21:23
Mengniu launches new packaging 2012-09-22 08:21
Mengniu to collect milk from large farms only 2012-09-21 15:26
Mengniu to increase sourcing raw milk 2012-08-29 13:21
Mengniu eyes large-scale farms for raw milk 2012-08-29 10:01
Today's Top News
Police continue manhunt for 2nd bombing suspect
H7N9 flu transmission studied
8% growth predicted for Q2
Nuke reactor gets foreign contract
First couple on Time's list of most influential
'Green' awareness levels drop in Beijing
Palace Museum spruces up
Trading channels 'need to broaden'
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
Liaoning: China's oceangoing giant |
Poultry industry under pressure |
'Spring' in the air for NGOs? |
Boy set to drive Chinese golf |
Latest technology gets people talking |
Firms crave cyber connection |