China dairy firm Yili revenues up 17.1 pct in Q1

Source: Xinhua | 2019-04-28

China's dairy giant Inner Mongolia Yili Industrial Group Co., Ltd. reported revenues of 23.13 billion yuan (about 3.4 billion U.S. dollars) in the first quarter of 2019, up by 17.1 percent year on year.
The group also saw net profits of 2.28 billion yuan in the same period, according to a report released by the company on Thursday night.
Yili has steadily increased its market share to 25.6 percent in China, according to the consumer index statistics from Kantar Worldpanel.
In 2018, Yili registered revenues of 79.6 billion yuan, up by 16.9 pct year on year.