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Bright Dairy & Food sees 31.9% up in H1 profit

Aug. 31, 2012 (China Knowledge) - Bright Dairy & Food Co Ltd<600597>, one of China's leading dairy products makers headquartered in Shanghai, has posted RMB 96.68 million in net profit attributable to shareholders in the first half of this year, reflecting a YoY increase of 31.89%.

The company said in a statement that basic earnings per share for the period were RMB 0.09, more than RMB 0.07 it booked in the same period of last year.

From January to June, the Shanghai listed company saw its operation revenue grew 16.49% YoY to RMB 6.46 billion, including RMB 6.21 billion from its dairy products business, up 17.78% YoY.

Earlier this month, Bright Dairy & Food's big rival, China Mengniu Dairy Co<2319>, the nation's largest dairy maker, has said its net profit attributable to shareholders dropped 18.4% from a year earlier to RMB 644.7 million in the first half of 2012.

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