CHINA: American Dairy Maintaining Fast Pace
American Dairy, Inc., one of the leading producers and distributors of milk powder and soybean products in China, continued its fast-pace growth in the second quarter. Company announced highlights for the period ended June 30 include:
- Net Income increase of 95% to $2.8 million
- Revenue increase of 57% to $15.1 million
- Operating income increase of 92% to $2.8 million
- Increased milk processing capabilities with the successful acquisition of assets from Royal Numico nv.
The company says it successfully executed price increases on several product lines, which helped contribute to the revenue growth during the quarter.
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