Xinhua
29 Oct 2020, 15:48 GMT+10
HOHHOT, Oct. 29 (Xinhua) -- Chinese dairy giant Inner Mongolia Yili Industrial Group Co., Ltd. posted 6.99 percent year-on-year net profit growth for the first three quarters of 2020.
The firm's net profit reached 6.02 billion yuan (about 895 million U.S. dollars) in the nine-month period, Yili said in its quarterly financial report filed with the Shanghai Stock Exchange Thursday.
During the period, the dairy giant generated revenue of 73.51 billion yuan, an annual increase of 7.28 percent.
Boosted by the steady earnings growth despite the COVID-19 epidemic, shares of Yili jumped 2.68 percent to close at 44.14 yuan Thursday in Shanghai.
Get a daily dose of Asia Pacific Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Asia Pacific Star.
More InformationDHARAMSHALA, India: The Dalai Lama is set to address a significant three-day conference of Buddhist leaders this week, coinciding with...
BEIJING, China: China's national soccer team may struggle to stir excitement, but its humanoid robots are drawing cheers — and not...
]LONDON, U.K.: A World Health Organization (WHO) expert group investigating the origins of the COVID-19 pandemic released its final...
FRANKFURT, Germany: Germany has become the latest country to challenge Chinese AI firm DeepSeek over its data practices, as pressure...
Nearly three months after a devastating earthquake struck Myanmar, the country remains trapped in a deepening crisis, compounded by...
Moscow seeks to build a full-fledged partnership, according to its ambassador in Kabul Moscow has officially recognized the Taliban...
NEW YORK, New York -U.S. stock markets closed with broad gains on Thursday, led by strong performances in U.S. tech stocks, while European...
LONDON/STOCKHOLM: The Persson family is ramping up its investment in the H&M fashion empire, fueling renewed speculation about a potential...
PARIS, France: L'Oréal is making a fresh play in the booming premium haircare segment with a new acquisition. The French beauty conglomerate...
MENLO PARK, California: Robinhood is giving European investors a new way to tap into America's most prominent tech names — without...
NEW YORK, New York - U.S. stocks diverged on Wednesday for the second day in a row. The Standard and Poor's 500 hit a new all-time...
NEW YORK CITY, New York: The U.S. dollar continues to lose ground, weighed down by growing concerns over Washington's fiscal outlook...