Chinese dairy giant Yili net profit up 42% in H1

Chinese dairy giant in Inner Mongolia, Yili Industrial Group Co Ltd, posted a 42.48 percent year-on-year net profit growth for the first half of this year.

The firm's net profit reached 5.32 billion yuan ($822 million) from January to June, Yili said in its half-year financial report disclosed at the Shanghai Stock Exchange Tuesday.

During that period, the dairy giant generated revenue of 56.51 billion yuan, up by 18.89 percent year-on-year.

The revenue contributed by the e-commerce sector increased by 21.8 percent year-on-year, said the report.