Chinese dairy giant Yili revenue reaches 63.2b yuan in H1

Chinese dairy giant, Yili Industrial Group Co Ltd, generated revenue of about 63.21 billion yuan ($9.17 billion) in the first half of 2022, up 12.29 percent year-on-year, the company said in its half-year financial report.

Its net profit attributable to the parent company totaled 6.13 billion yuan, a year-on-year increase of 15.23 percent.

The group's liquid milk revenue exceeded 42.89 billion yuan, while milk powder and dairy products business earned 12.07 billion yuan during the period, up 1.14 percent year-on-year and 58.28 percent year-on-year, respectively.

According to the report, Yili's overseas business revenue saw a 58-percent year-on-year growth in the first half of 2022.

Yili's headquarters are based in Inner Mongolia.