China Shengmu Reports Varied Mid-Year Financials

China Shengmu Organic Milk Ltd (HK:1432) has released an update.

China Shengmu Organic Milk Ltd reported a decrease in operating income and revenue for the first half of 2024, with profits turning to losses compared to the previous year. Despite this, the company saw a significant increase in milk yield per cow and EBITDA profits, driven by cost reduction strategies and operational efficiencies. No interim dividend was declared, reflecting a cautious financial approach amid the market’s challenges.

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