Thursday, May 1, 2014

Inner Mongolia Yili Industrial : Yili Industrial Group 2013 Net Up 85.61%

HOHHOT, April 30, SinoCast -- Inner Mongolia Yili Industrial Group Co., Ltd. (NMYILI and SHSE: 600887) revealed operating revenue of CNY 47.779 billion in 2013, rising 13.78% from a year earlier. Net profit attributable to shareholders reached CNY 3.187 billion, hiking 85.61% from CNY 1.717 billion a year ago.

However, net profit growth only included CNY 593 million resulting from boosting sales revenue and controlling costs. Most net profit growth comes from decreasing taxes and dues as well as abandonment loss.

Total liabilities reached CNY 16.565 billion, leaping 28.03% from CNY 12.938 billion a year earlier.

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