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Bright Dairy & Food expects 31.89% surge in H1 profit

Aug. 21, 2012 (China Knowledge) - Bright Dairy & Food Co Ltd<600597>, one of China's leading dairy products makers headquartered in Shanghai, has announced yesterday that it expected its net profit to jump 31.89% YoY to RMB 96.68 million in the first half of this year.

Basic earnings per share were estimated at RMB 0.09 during the period, up 31.89% YoY, said the company in a statement.

Bright Dairy & Food's operating revenue was forecast to rise 16.49% YoY to RMB 6.46 billion in the first six months. The company aims to realize RMB 13 billion in sales this year.

The company is due to release its interim report on Aug. 31.

Bigger rival Inner Mongolia Yili Industrial Group Co<600887> has reported a 6.67% decline in net profit for H1, which stood at RMB 762 million.

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