Brief: China Modern Dairy FY Profit Attributable RMB770 Mln

China Modern Dairy Holdings

23/03/2021 12:26

March 23 (Reuters) - China Modern Dairy Holdings Ltd
 1117.HK :
    * 2020 PROFIT ATTRIBUTABLE RMB770 MILLION, UP 126%
    * RECOMMENDED FINAL DIVIDEND OF RMB0.02 PER ORDINARY SHARE
    * FY REVENUE RMB6,020.2 MILLION VERSUS RMB5,514.2 MILLION
    * RAW MILK MARKET IS STILL SHORT IN SUPPLY & EXPECTED THAT
SHORTAGE OF RAW MILK WILL CONTINUE
    * IN 5 YRS, CO TO STRIVE TO DOUBLE HERD & MILK YIELD THROUGH
ORGANIC GROWTH, EXTERNAL ACQUISITION

Source text for Eikon:  ID:nHKSb53YP1 
Further company coverage:  1117.HK 

 ((Reuters.Briefs@thomsonreuters.com))