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Mengniu milks gains to post profit

China Mengniu Dairy Co, the nation's largest dairy firm, said it returned to profit last year, joining major dairy companies that benefited from a recovery in the industry after a tainted milk scandal but an analyst warned that risks to maintaining profit remain.

Mongolia Mengniu Dairy (Group) Co., Ltd. (Mengniu Dairy Group)

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Mengniu H1 profit soars 14%

Milk producer China Mengniu Dairy Co said yesterday first half profit grew 14 percent despite a fall in sales revenue, indicating that it has recovered from most of the problems associated with last year's melamine scandal.

Mengniu to raise US$395m in share sale for expansion

China Mengniu Dairy Co plans to raise HK$3.06 billion (US$395 million) by selling a 10 percent stake to COFCO (Hong Kong) Ltd and Hopu Investment Management Co to boost its capital for expansion, it said yesterday.

Mengniu plans more raw milk bases

Liquid milk producer China Mengniu Dairy will invest more this year to expand raw milk bases in the country, according to a senior executive.