Xinhua Silk Road: Yili reports RMB45.07 billion revenue in H1 as expanding its presence in Southeast Asia

BEIJING, Aug. 30, 2019 /PRNewswire/ -- China's leading dairy company Yili Group (600887.SH) realized a total operating revenue of 45.07 billion yuan in the first half of 2019, an increase of 5.13 billion yuan year on year, according to the group's interim results released late on Thursday.

The company made a net profit of 3.8 billion yuan during the period, a year-on-year increase of 0.33 billion yuan.

A panoramic view of Yili Group
A panoramic view of Yili Group

The growths underlined Yili's strong growth momentum and potential for sustainable development going forward, said the company.

Earlier this year, Yili initiated the vision of a "global health ecosystem" as it continues to deepen its global footprint with a view to integrating the best resources globally to better meet consumers' health and nutritional needs.

Yili continues to expand presence in Southeast Asian countries such as Thailand, Indonesia, Singapore and Myanmar, offering more diverse product choices to local consumers.

In 2018, Yili launched the Joyday ice cream in Indonesia, which is now available in major cities across the country and being introduced to more Southeast Asian countries.

Its acquisition of Thailand's largest local ice cream company, Chomthana, was a major breakthrough for Yili in terms of growing regional production capacity and gaining market access. Within one month of post-deal integration, Yili helped increase Chomthana's production capacity by more than 30 percent.

As entering the markets in Southeast Asia, Yili adheres to a localization strategy and works with local partners to effectively drive local economic development, with 85 percent of local employees in Indonesia and Thailand and significant local taxation contribution.

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Source: Xinhua Silk Road Information Service
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