Chinese dairy giant in Inner Mongolia, Yili Industrial Group Co., Ltd., posted a 42.48 percent year-on-year net profit growth for the first half of this year.
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The firm’s net profit reached 5.32 billion yuan (about 822 million U.S. dollars) from January to June, Yili said in its half-year financial report disclosed at the Shanghai Stock Exchange Tuesday.

During that period, the dairy giant generated revenue of 56.51 billion yuan, up by 18.89 percent year-on-year.

The revenue contributed by the e-commerce sector increased by 21.8 percent year-on-year, said the report. Enditem

Last month, 14 of our dairy farms in Maine, as well as dozens of dairy farms across northern New England, got an unexpected and disappointing notice from Danone of North America saying that they were discontinuing their contracts with our organic dairy farmers in Maine, New Hampshire, Vermont and elsewhere.

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