The modern animal husbandry, Ashley drag; Mengniu report net profit down nearly 20% – Finance www.imust.cn

The modern animal husbandry, Ashley   drag; Mengniu report net profit down nearly 20% — Finance — people.com.cn yesterday, dairy giant Mengniu Dairy performance report released in 2016. During the reporting period, the company’s revenue grew year on year, but net profit to decline. In the current dairy industry downturn, Mengniu also difficult to own. According to Mengniu Dairy reporting the results show that the first half of this year, Mengniu sales revenue of 27 billion 260 million yuan, an increase of 6.6%; gross profit was 9 billion 181 million yuan, representing an increase of 12.8%; the first half net profit of 1 billion 77 million yuan, 1 billion 339 million yuan over the same period last year fell 19.5%. In addition, due to the decline in the cost of raw milk and adjust the product structure, Mengniu Dairy in the first half gross margin was 33.7%, compared with the same period last year rose by 1.8 percentage points. The reason for the decline in performance, the main reason is given by Mengniu, "associates profit attributable to 143 million 300 thousand yuan from the same period last year significantly reduced to a loss of 154 million 600 thousand yuan this year, and Ashley profits reduced, the group profit before interest taxes depreciation diluted (EBITDA) decreased by 6.9% to 2 billion 155 million 100 thousand yuan, compared to 2 billion 315 million 600 thousand in 2015 yuan". It is worth mentioning that Mengniu refers to the joint venture company, is a modern animal husbandry, the semi annual data released earlier showed that the modern animal husbandry in the first half loss of 566 million yuan, while Mengniu modern animal husbandry as the largest shareholder, the shareholding ratio of 25.41%. Due to the purchase price of raw milk fell, because the advantages of raw materials before the modern animal husbandry has become a constraint on the performance of mengniu. Last year, the contribution of modern animal husbandry 140 million yuan, a loss of $150 million today, one into a Mengniu Dairy Performance of nearly $300 million." A person familiar with Mengniu Dairy on the Securities Daily reporters, said, however, the results of the second half of modern animal husbandry may improve. In addition, Mengniu Dairy and at the same time the report’s release and Ashley, data show that the first half of this year, Ashley net profit of 15 million 100 thousand yuan, 109 million yuan over the same period last year fell sharply 86.2%. Prior to 2013, Mengniu Dairy announced a HK $12 billion 460 million acquisition of the entire equity interest of Ashley dairy. Mengniu reported in the first half of this year, Mengniu huge capital expenditure for ashley. Data show that in the first half of this year, Mengniu capital expenditures totaled 2 billion 706 million 500 thousand yuan, an increase of 88%. Which does not contain Ashley, Mengniu capital expenditure of 1 billion 667 million 300 thousand yuan. "The acquisition of Dumex China Ashley all equity expenditure of 986 million 700 thousand yuan". A substantial decline in modern animal husbandry and Ashley huge loss of net profit, have been implicated in reporting the results for Mengniu dairy. However, Mengniu Group President Sun Yiping expressed optimism for the first half of the performance of the company. Sun Yiping said, "Mengniu adhere to the consumer as the center, become the nutritional health food company" innovation leads the enterprise vision, by continuing to promote the quality, innovation, win-win three concepts, reinforce the internal)相关的主题文章: