trending Market Intelligence /marketintelligence/en/news-insights/trending/V2LYf36v3p_76qBLbkmgSg2 content esgSubNav
In This List

Inner Mongolia Yili profit misses consensus by 38.4% in Q2

Blog

Europe: 5 key OTT trends to watch in 2022

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud


Inner Mongolia Yili profit misses consensus by 38.4% in Q2

Inner Mongolia Yili Industrial Group Co., Ltd said its second-quarter normalized net income came to 16 fen per share, compared with the S&P Capital IQ consensus estimate of 25 fen per share.

EPS increased 8.4% year over year from 14 fen.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 982.9 million yuan, a gain of 10.6% from 888.6 million yuan in the prior-year period.

The normalized profit margin climbed to 6.8% from 6.2% in the year-earlier period.

Total revenue climbed 5.6% year over year to 15.16 billion yuan from 14.36 billion yuan, and total operating expenses increased year over year to 13.60 billion yuan from 13.08 billion yuan.

Reported net income rose 12.5% year over year to 1.36 billion yuan, or 22 fen per share, from 1.21 billion yuan, or 20 fen per share.

As of Aug. 28, US$1 was equivalent to 6.39 yuan.