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China Mengniu Dairy 2013 profit jumps on high-margin product sales, shares surge
date:Mar 27, 2014
China Mengniu Dairy Co Ltd said new, higher margin products helped its 2013 profit beat estimates, sending shares in the country's biggest dairy produce supplier more than 10 percent higher.

Mengniu said 2013 net profit grew 25 percent to 1.63 billion yuan ($263 million), up from a 1.30 billion yuan a year earlier, restated due to revised accounting requirements for International Financial Reporting Standards. The 2013 profit beat a forecast of 1.51 billion yuan from Thomson Reuters' Starmine S

12/22 00:04