YuanShengTai Dairy: Remarkable Mid-Year Profit Surge

YuanShengTai Dairy Farm (HK:1431) has released an update.

YuanShengTai Dairy Farm Limited reports a notable turnaround with an unaudited profit of RMB 128,996 thousand for the six months ended June 30, 2024, a significant improvement from the loss of RMB 264,077 thousand in the same period last year. The company also saw a rise in total comprehensive income to RMB 130,761 thousand, reflecting a strong recovery in operational performance. This positive financial momentum is driven by increased revenues and a substantial reduction in impairment losses and changes in fair value of biological assets.

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