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Bright Dairy & Food's Q1 profit up 20.62%

May. 2, 2012 (China Knowledge) – Bright Dairy & Food Co Ltd<600597>, one of China's leading dairy products makers headquartered in Shanghai, announced that its net profit attributed to shareholders reached RMB 32.38 million, reflecting a year-on-year increase of 20.62% in the first quarter of this year.

Operation revenue for the first three month of 2012 up 16% year on year to RMB 3.03 billion, according to a statement filed with Shanghai Stock Exchange.

Basic earnings per share were RMB 0.03 at the three-month period, 20.62% more than it realized in the same period of last year.

In another statement filed with Shanghai Stock Exchange, the dairy products makers said that CSRC has approved its scheme to issue more shares via a private placement.

Last year, the company saw its operation revenue climbed 23.16% year on year to RMB 11.79 billion and its net profit attributed to shareholders reached RMB 237.84 million, sources reported.






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