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01432 CHINA SHENGMU
RTNominal up0.197 +0.002 (+1.026%)
Others

11/08/2021 15:32

China Shengmu (01432) expects 60% increase in interim profit

[ET Net News Agency, 11 August 2021] China Shengmu Organic Milk Limited (01432) said it
is expected that the group will record a profit of not less than RMB270 million for the
six months ended 30 June 2021, representing a year-on-year increase of not less than 60%.
It was mainly attributable to (i) the year-on-year increase in the average sales price
of raw milk; (ii) the significant year-on-year increase in the sales volume of organic
milk, the company's advantageous resource; (iii) the gross profit margin of raw milk sales
remained stable and the gross profit of sales increased as compared to the last reporting
period; and (iv) the group's debt structure continued to be optimized, and financing costs
recorded a substantial decrease as compared to the last reporting period. (RC)

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