China Youran Dairy Reports Strong Revenue Growth
Source: DairyNews.today
China Youran Dairy Group Limited has reported robust financial performance for the first half of 2024, with a notable 10.8% increase in revenue and a substantial 77% rise in profits before biological asset adjustments compared to the same period last year.
These gains come despite the company recording a loss attributable to its owners.
In addition to its financial growth, China Youran Dairy also achieved operational improvements, with a 3.3% increase in the annualized average milk yield per cow, reflecting the company's ongoing efforts to enhance productivity and efficiency in its dairy operations.
Despite these positive developments, the company has opted not to recommend an interim dividend for the period. This decision aligns with a cautious approach to capital management, ensuring resources are allocated effectively to support long-term growth and stability.
In addition to its financial growth, China Youran Dairy also achieved operational improvements, with a 3.3% increase in the annualized average milk yield per cow, reflecting the company's ongoing efforts to enhance productivity and efficiency in its dairy operations.
Despite these positive developments, the company has opted not to recommend an interim dividend for the period. This decision aligns with a cautious approach to capital management, ensuring resources are allocated effectively to support long-term growth and stability.
