China Mengniu Dairy Forecasts Higher Profit in 2025

MT Newswires Live

03/09

China Mengniu Dairy (HKG:2319) said it expects 1.4 billion yuan to 1.6 billion yuan in attributable profit for 2025, compared with 104.5 million yuan in 2024, according to a Hong Kong bourse filing Friday.

The dairy products maker expects higher profit even as it records 2.2 billion yuan and 2.4 billion yuan in impairment provisions during the year due to idle production facilities and financial and contract assets with uncertain repayment ability.

The firm also expects total revenue to decrease by 7% to 8% year on year from the 88.7 billion yuan generated in 2024 due to falling consumer demand

The company's financial results are due by the end of March.

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