Shares of China Mengniu Dairy gained more than 4% after the leading dairy firm said first-quarter sales picked up following a decline last year. The Inner Mongolia-based company said in an analysts conference yesterday that its revenue had grown year on year since January this year. Gross profit margin is also expected to improve thanks to the launch of new products, better cost control and a rise in retail prices…Full-text article: South China Morning Post Mar 2013

Key point

  • Mainland China’s dairy industry is expected to grow by 12% in 2013

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