China Modern Dairy Holdings Ltd. (HK:1117) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
China Modern Dairy Holdings Ltd. reports a robust interim financial performance for the first half of 2024, with cash EBITDA rising by 19.2% year-on-year to RMB1,515 million, bolstered by increased raw milk production and sales. The company has also seen a significant upgrade in its ESG rating to BBB by MSCI Inc., reflecting strong sustainability practices, and maintained a ‘BBB’ credit rating with a stable outlook from Standard & Poor’s. However, the board decided against declaring an interim dividend for the period.
For further insights into HK:1117 stock, check out TipRanks’ Stock Analysis page.