Bright Dairy, a Shanghai-based major dairy food maker, reported year-on-year net profit growth of 45.8 percent in 2019.
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The company raked in 498 million yuan (about 70.3 million U.S. dollars) in net profit attributable to shareholders, according to the company’s annual earnings report filed with the Shanghai Stock Exchange.

During the same period, its revenue grew 7.52 percent year on year to 22.56 billion yuan, with earnings per share standing at 0.41 yuan, according to the report.

Shares of Bright Dairy closed 0.08 percent higher at 12.86 yuan Friday.

The National Milk Producers Federation (NMPF) and U.S. Dairy Export Council (USDEC) today applauded the Biden administration for its initiation of a second U.S.-Mexico-Canada Agreement (USMCA) dispute panel concerning Canada’s ongoing refusal to meet its USMCA dairy trade obligations.

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