Chinese dairy giant Yili net profit up 7 pct in Jan.-Sept.

Xinhua
29 Oct 2020, 15:48 GMT+10

HOHHOT, Oct. 29 (Xinhua) -- Chinese dairy giant Inner Mongolia Yili Industrial Group Co., Ltd. posted 6.99 percent year-on-year net profit growth for the first three quarters of 2020.

The firm's net profit reached 6.02 billion yuan (about 895 million U.S. dollars) in the nine-month period, Yili said in its quarterly financial report filed with the Shanghai Stock Exchange Thursday.

During the period, the dairy giant generated revenue of 73.51 billion yuan, an annual increase of 7.28 percent.

Boosted by the steady earnings growth despite the COVID-19 epidemic, shares of Yili jumped 2.68 percent to close at 44.14 yuan Thursday in Shanghai.

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