Chinese dairy giant Inner Mongolia Mengniu Dairy (Group) Co., Ltd. said that its net profit reached 5.4 billion yuan (about 783.9 million U.S. dollars) in 2022, marking an annual increase of 11.6 percent.
In 2022, Mengniu’s revenue totaled 92.59 billion yuan, a year-on-year increase of 5.1 percent, the company said in its annual report.
The company’s revenue from ice cream business surged 33.3 percent from the previous year.
State Minister for Milk and Dairy Development Mano Thangaraj on Sunday told DT Next that the State-run Aavin is working to address the issues in the supply chain and assured that the supply chain of milk and milk products will not be affected at any cost.
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