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Chinese dairy giant Yili posts 183% rise in net profit for Q1

Apr. 24, 2012 (China Knowledge) - Inner Mongolia Yili Industrial Group Co<600887>, a major Chinese dairy company, has announced that its net profit surged 183.35% year on year to RMB 411 million in the first quarter of this year.

The company said in a statement that its operating profit more than tripled to RMB 460 million in the first three months from RMB 145 million in the same period of 2011.

The dairy firm realized RMB 10.26 billion in operating revenue in the quarter, reflecting a year-on-year growth of 13%.

Yili Industrial Group booked a net profit of RMB 1.81 billion in 2011, 132.79% more than in 2010.

The company's operating revenue jumped 26.25% year on year to RMB 37.45 billion last year.

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